I’m \~55-60% correlated to US tech, with zero bonds and zero defensive equity. Want to fix that.
Plan: trim AVGO (+20% for me) into either short/intermediate Treasuries or a low-vol dividend fund.
Why AVGO: highest-beta single stock, most concentrated semi bet, slightly above fair value, up +20%.
I keep plenty of semi exposure anyway through positions in AMZN, GOOG, MSFT, DRAM, and a global index fund.
Anyone else thinking of doing the same?