01-07-2022, 11:10 AM
Took me a full year to cool my port down for retirement, and it wasn't exactly crazy risky when I started. You can't just wake most days and do it unless you wish to sell stocks at a loss. If you do it overnight you are probably just being scared. You don't have to put your entire port in JNJ to retire. Always room for some amount of growth IMO.
Chips are just down because everybody jumped on the hype train. After a dip half of them are still at 150% of historical valuations. It will take time before they aren't overpriced. What the market decides the share price should be in the meantime is just short-term stuff. AVGO is a great company that is overvalued. There are many more sector leaders just like it. It's not even debatable. Some year you eat it and wait a few years to recover.
Chips are just down because everybody jumped on the hype train. After a dip half of them are still at 150% of historical valuations. It will take time before they aren't overpriced. What the market decides the share price should be in the meantime is just short-term stuff. AVGO is a great company that is overvalued. There are many more sector leaders just like it. It's not even debatable. Some year you eat it and wait a few years to recover.