New to the community. As an elderly retiree, with no new money to invest, I like to have a diverse representation of sectors in our 3 portfolios and have had a problem with the Cyclical Sector. Today I have TOL, AMZN, TSLA and CROX. On Monday I will trade my CROX for MELI.
The sector ranks 2nd now. I believe that I should have more than 10% in this portfolio that includes 4 sectors. I have 19 stocks and don’t want to increase unless for a very good reason. Selling CROX will free up monies most of which will go to MELI. My question is should I keep as cash and wait for dips in my other cyclical stocks, which are all close to 52-week high, or consider MOD which has done very well each year for the past 5-years? Your comments and thoughts will be appreciated. Cheers.