03-18-2019, 05:35 AM
(03-15-2019, 11:29 AM)divmenow Wrote: I don't see any buys in this market so I went 40% cash today and will wait for a 10-12% correction to put my money back to work. In the meantime I did purchase a 1 year CD that pays out 3.15%. I have been one of the most positive people in this market, but I have learned don't chase stocks and it wont bite me again like its has in the past. And right now I feel to buy anything right now would be chasing. And with the way most companies earnings have looked of late these stock prices will have to come down to justify the slowdown. Market is up based on what Trump will do and the tariffs. To me this has already been priced into the market on what will be done. What happens if a deal isn't made?
I bought CVS, V, BTI, PM, JNJ, HD, GILD, WBA, D, DUK, and some other names in the past few months, so I'm happy with my latest purchases. Until a better opportunity comes along I will wait patiently.
Out of curiosity, when you said you went 40% cash does that mean you sold 40% of your securities?