I'm pretty much way overweighted in large tech. I have
been for years and it's paid off handsomely.
When I retired about a year and a half ago, I converted some cash over that period into a trading account (before I retired, all my stock was in IRA's, etc, but not really traded actively).
I probably couldn't have picked a worse day to start buying as the market topped 1/3/21, iirc. I actually turned green in my trading for the first time about two weeks ago. I started buying NVDA around $300 on the way, way down to $180 or so. I really believed in them and kept adding until my ave cost was just below $250. So, I'm pretty happy. I am actually optimistic over the stock at $400 as I believe they'll continue to benefit strongly over the AI race near to mid (1-3 years) term.
But, as I said somewhere else, I've been wrong before.
Fwiw, I also am somewhat heavy into high dividend reits, which are not doing well from a valuation standpoint. I can live with that as long as they can kick out high dividends and I don't need to sell at a given pricepoint. If the dividend stream gets cut, I'm screwed there. The macro interest environment hammered that section.
Since you (didn't really) asked, I think banks got oversold and there are some short term gains to be had there. I have no idea how best to play it, but I liked AXP at $150. I think the upside to $170 is way better than a downside to say, $135. Of course, inflation could have another shoe to drop and the FED rates could keep pressure on the banks for longer than I'd wish.
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In response to this post by BocaHoo91)
Posted: 05/30/2023 at 10:51AM