Buy the Best, Sell the Rest
That sounded like a great idea until I got to
I have already entered sell orders for 100% of my Skyworks and Mastercard shares…
that sounds like reaching for yield which generally ends badly. “Reaching for yield” is selling underperforming mutual funds to buy the better performing ones. That generally ends badly because they revert to the mean, losers rise and winners fall. Sector rotation also happens. Right now high tech is golden but at some point it will lose some of it’s luster as investors start lusting for something else.
Had you sold a dog I would not have written this post but VISA and MasterCard are two fantastic financial stocks with no credit risk. And their performance, as you say, is excellent.
http://softwaretimes.com/pics/ma-11:29:2017.gif
BTW, MA made a new ALL time high yesterday.
Denny Schlesinger