Since it’s a quiet/boring day, maybe this will spark some discussion…
If you had $50,000 cash right now, what would you do with it?
With the recent run-up, it seems that things are already “high” (I didn’t say “too high”). Counter-pointing that, bonds are so poopy right now, stocks look better, so they may keep running even without strong corporate earnings (non-buybacks) to bolster them. Still, the piper has to be paid, so fast forward a year, or two, or three… and we know things will have to dip or dive. Probably, anyway.
I’m generally a long-term investor (though I have been known to exit to capture some big wins, or prevent some bigger losses if the story changes significantly), so I’m looking for thoughts and other ideas.
I’ve had my eye on a few I’d like to buy that I don’t already own (LGIH, ECL, SIVB to name just a few), but haven’t found the right combination of conditions… yeah, yeah, I should have just bought and not worried about that 20 cent price diff…
For context, my wider portfolio is already pretty well-diversified: biotech/medical (AMGN, REGN, GILD, GSK, ABMD, UNH, etc.), consumer (HD, KR, CALM, BUD, PEP, SBUX, SKX, NKE), tech (AAPL, NVDA, ATVI, PYPL, MSFT, SWKS), financial/insurance (JPM, UBS, DFS, MET), media/entertainment (NFLX, DIS), semiconductor (NVDA, NXPI, AVGO), energy (XOM, NGG, SEDG). Some of those are obviously down (hard), but most are positive, so I guess I’m looking for the next “cycle” to buy into. Or a strong argument that I should hold the cash because xxxxxx.