Is it reasonable to have total 21% of portfolio in technology sector with about 26 yrs. of investment/growth period & stable other parameters(i.e cash reserve, necessary insurances, maxing out, stable income, working spouse, frugal lifestyle etc.) and saving about 50% of AGI?
Would you deviate? Why?
Thanks.
Is it reasonable to have total 21% of portfolio in technology sector with about 26 yrs. of investment/growth period & stable other parameters(i.e cash reserve, necessary insurances, maxing out, stable income, working spouse, frugal lifestyle etc.) and saving about 50% of AGI?
Would you deviate? Why?
Thanks.
Is it reasonable to have total 21% of portfolio in technology sector with about 26 yrs. of investment/growth period & stable other parameters(i.e cash reserve, necessary insurances, maxing out, stable income, working spouse, frugal lifestyle etc.) and saving about 50% of AGI?
Would you deviate? Why?
Thanks.
Total Stock market has 19% tech stocks — https://personal.vanguard.com/us/funds/snapshot?FundId=0585&FundIntExt=INT&funds_disable_redirect=true#tab=2
– WSP
As of this morning, I own -24% Tech (yes I shorted QQQ) in my small trading account (~1% of total accounts). Chose it over S&P or small cap given higher sensitivity to rising rates imho. Given the bubble probably isn’t over, I know this is degenerate level gambling but it broke support levels. If it fills in the gap tomorrow (but doesn’t violate resistance or stops), I will add more. Feel free to use me as your contra. I plan to lose a little and am unlikely to hold it more than a few days but somewhat expect a correction through March. This market is so obscene at this point, I call B.S. on principle.
For full disclosure, my entire hobby trading account pretty starts with “short”. Can’t believe it but it’s true.
As of this morning, I own -24% Tech (yes I shorted QQQ) in my small trading account (~1% of total accounts). Chose it over S&P or small cap given higher sensitivity to rising rates imho. Given the bubble probably isn’t over, I know this is degenerate level gambling but it broke support levels. If it fills in the gap tomorrow (but doesn’t violate resistance or stops), I will add more. Feel free to use me as your contra. I plan to lose a little and am unlikely to hold it more than a few days but somewhat expect a correction through March. This market is so obscene at this point, I call B.S. on principle.
For full disclosure, my entire hobby trading account pretty starts with “short”. Can’t believe it but it’s true.
I like shorting as well, but not those kind of assets. Tech companies (qqq) have very high margins and high growth, tax stuff will boost them narratively in short term. Always sketchy shorting a bubble, easier if theyve already had some weakness.
SPX cant even break the 13ema. Bonds on the other hand being hurt as expected.
prefer to be long something and not to short but as they say “when in Rome”.
Was deciding between spy and qqq. Could have gone either way. Spy and qqq are highly correlated most of the time right now so probably just 6 of one/half a dozen of the other.
Agree I will probably lose money shorting this time and have lost a some (and won some) in the past. Need at least a few more 10-20% monthly gains to feel more confident about shorting this mother of a bubble. Was hoping for one more higher high today for a short term play but it is what it is.
I expect to lose some, and am hoping just to break even or win even a little bit. But if equities continue to correct as rates keep rising (and bonds keep falling) while the vix spikes, well then maybe, just maybe…
I know the feeling. I’ve been considering some long dated S&P puts, but every time I get close to pulling the trigger I recall that moment in 2009 when mark to market was nullified. My financial shorts got killed. All bears will be shot as part of macro prudential policy until Mother Nature finally shows who is boss.
Definitely not a pro but this time around, I wouldn’t be surprised if everything gets locked down, regardless of if you are short or long (i.e. capital controls) and when it opens back up, everyone will have lost a lot of money. There was a reason people put money under their mattresses for decades after the 1930s. Who knows how this plays out but that doesn’t mean we cant have a little fun along the way.
I know the feeling. I’ve been considering some long dated S&P puts, but every time I get close to pulling the trigger I recall that moment in 2009 when mark to market was nullified. My financial shorts got killed. All bears will be shot as part of macro prudential policy until Mother Nature finally shows who is boss.
Definitely not a pro but this time around, I wouldn’t be surprised if everything gets locked down, regardless of if you are short or long (i.e. capital controls) and when it opens back up, everyone will have lost a lot of money. There was a reason people put money under their mattresses for decades after the 1930s. Who knows how this plays out but that doesn’t mean we cant have a little fun along the way.
The end of everything is usually not a good investing scenario. Your short did well. Went out on the lows, not usually a great sign, but was orderly today. Was hoping for a bit more fireworks myself.
Yes, today was a good day, not just for my QQQ short. Even I get lucky every once in a while. Keeping the short. If fireworks happen, it would more likely be Mon or Tues or the next few weeks/months IMHO, but it’s all a guess. Next week, I could be even back to where I was yesterday. This isn’t where I hold the majority of my assets so this really is just for fun.
I don’t view it as the end of everything. Indices only dropped 2%. Will have to see how the next few years play out.
FWIW, if the slingshot is happening tonight and/or tomorrow, I sold my QQQ short this am. Hit my target, looked like it was going to bounce and didn’t have the time to pay attention today. C’mon, the first drop is never THE DROP.
As said before, I’ve got the WORST TIMING EVER.
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