Strange market. I was talking to a friend who is a world class bridge player and invests conservatively ‘only because of his age’. He said that utilities are the best performing sector this year - up 13%!
This friend likes high dividend paying companies with a low p/e.
He’s ‘transitioning’ to insurance companies and banks gradually, anticipating higher interest rates.
At current prices, I think we have to add to our favorite companies, (UBNT, etc.). As long as we carefully monitor these companies, with some money in reserve to buy even more, we should do well.