So the first half of 2021 has ended and things seem to be coming back to normal, (baby steps) with the vaccines, and new regulations and companies learning to cope more with working online etc. The ivnestment market has shaken off its March fears of inflation / rising rates / tech bubble and there was a sustained performance by all three major indices in US markets in June.
That brings the overall portfolio back to a more respectable level but I am still lagging the S&P 500 performance due to BTC exposure other tech names.
The S&P and Nasdaq have both repeatedly broke ATH after ATHs. I was just thinking about taking some profits for some value plays and in-the-profits-but-corrected some tech to prepare cash for the inevitable correction, and it seems that majority of the analysts surveyed by CNBC seem to feel that there is a correction too.
Not an expert but if something hits ATH, its better to stop putting in new money and have maybe some cash. Not selling anything either, but just don't go full retard and buy all in.
Seems that BigTech (FAANG+M), Banks (XLF), and Energy (XLE) are the preferred plays this 2h2021.
I have not done any changes to portfolio except selling some BEP and getting into KDC after it corrected but that is more of a regular yield optimization play.
Glad I bought some MSFT - enjoyed a nice little run.
Edit: Bought a little bit more of QYLD, I am treating this a a place to park cash, should things turn i will divert funds from here to get cheap beaten up stocks on my watchlist.
Action to take,
- continue Take Profit to hit 15% -20% cash (now at 10%)
- Buy on weakness FAANGM stocks
- Watchout for banks stocks, XLF / IPAY to certain extend
