Hey gang. In light of certain world events, I’m getting anxious about when/if a ‘bubble’ will pop. I know we can’t predict the market, so I think I want to adjust my investing strategy.
To start, I max out my Roth every year and am 80% invested in QQQ/SPY. I will continue to do that, and I will keep everything there. It’s currently about 30% of total my stock assets.
I have about 25 stocks in my active portfolio. Mostly tech. I started investing in 2019 and am currently up 130% all time. So, I want to narrow it down to a selection of stocks that I have the strongest conviction in. (to lock in profits and use for a potential down payment on a house if there is a crash)
Selling out of: FANNG, and most blue chip tech stocks like ISRG, TSM, CRWD, etc. (selling about 2/3 of all active portfolio)
Keeping: MSFT, MELI, NNOX, PL, SOFI, COST, JMIA
I want to keep those ones because either a) they’re my babies and have strong conviction b) moonshot potential c) confidence during recession.
Then I want to take the proceeds and invest in a high yield, secure ETF/alternative income asset like HYG until I find a house to buy. Sound reasonable? I’d love feedback