08-05-2020, 10:54 PM
(08-05-2020, 10:50 PM)fenders53 Wrote: Thanks. Some of my spec will not be pure tech simply because I don't understand most of these small cap high fliers. I'm not going to pretend to know with big positions. I'd prefer big tech but staying away at these valuations. I loaded up on them when they dipped in fall 2018. Sold them off gradually but not gradually enough. I'll get another chance when the music stops. I am not going to chase 1 1/2T companies in this economy. I'll sit on undervalued div payers and recycle put premiums as long as necessary to avoid extreme risk with the majority of my port. I don't have to worry about utility companies and aristocrats going out of business. Heck I'm even spooked by big oil's five year outlook for now lol. Pretty crazy to see them stumbling along losing outrageous sums of money. Of course they'll survive. I own enough survival stocks with the pandemic here for awhile longer.Sounds like a smart thing to do right now.