What I Am Buying Today.

[ken-do-nim]

(03-28-2024, 06:05 PM)rayray Wrote:

(03-28-2024, 04:59 PM)ken-do-nim Wrote:

(03-28-2024, 03:51 PM)stockguru Wrote:

(03-28-2024, 01:29 PM)Mr1share Wrote: Went 80% cash today and sold nearly everything but 8 names.  Added to QYLD, JEPI, and DGRW

I'm limited my exposure to stocks for the next year or so, and we wait for the next big drop. Learned from experience. Don't give it all back. I'm up nearly 80% in 2 years lol. No need to be greedy. This market is way too pumped right now lol

Smart man. I have been trimming as well. I’m kind of doing same playing monthly dividend names and 5% CD’s. This market is becoming way over valued right now! Not many bargains to be had!

I hear what you're saying about too fast a runup, but if the Fed really does issue 1 or more rate cuts this year, there's virtually no chance the market corrects any time soon.

“Far more money has been lost by investors in preparing for corrections, or anticipating corrections, than has been lost in the corrections themselves.”

Peter Lynch


I've been through the Dotcom Bust, the Great Recession, 2018, 2020 and whatever happened in 2022. Good solid investments have a very good chance of recovering. Trimming is good, having an "x" amount of cash is good but sitting on the sidelines and deciding when to jump back in can be a tough one.

I'm fully invested for the most part--However I do have over 100k sitting in a high yield MMA. But look at it this way, I've had 100k plus sitting making 5% but missed out on phenomenal gains! If that 100k was spread out across my top 10 it would be worth a lot more than 100k.

That's an amazing quote.

I have, uh, $12k in an emergency fund :  I don't think it's humanly possible for me to sit on more cash than that.  I love buying stocks too much.

At any rate, tech and AI are only my secondary play.  My primary investments are in home builder stocks.  It was nice on Thursday for all of mine to hit their all-time highs, so maybe they are overpriced too, but I still think we are in the goldilocks scenario for home building because existing homes up for sale are still so low, coupled with the fact that home builders underbuilt for the last 16 years because they got burned so bad in the Great Recession. The ideal scenario for me is mortgage rates hitting 6%, or the upper 5s. That way, demand will surge, but existing home sales still won't provide much competition. My plan is to get out of home builders once mortgage rates reach 5%. That's when the flood of existing homes comes to the market, as all those people with 3 and 4 percent mortgages decide that's good enough and they can't wait any longer to move/upgrade/downsize.