I'm currently heavyweight in tech stocks, some have taken a beating YTD, but still looking good overall, since most (not all) have been acquired pre-dip last year or during the dip last year and I've held on.
With that said, I'm not too sure what the rest of the years holds with increasing interest and my portfolio has a number of very leveraged tech companies not making profits yet.
So the question is:
1) Do I start buying some cyclicals, financials, and industrials? Don't currently have huge exposure. If so, how do I enter, any specific ETFs? Do I buy into travel, banks, restuarants, materials, etc..?
2) There's been quite a run up these areas given the anticipation of this reopening. Is it too late? Do I just keep the course and buy into my normal S&P ETFs?
3) Do I ditch some of my tech stocks? Some of my stocks i'm still bullish long-term - SHOP, MELI, PINS, OKTA but short-term, am a bit hesitant. At this point, I think i should hold as I still believe in thesis, and have taken the hit YTD already.
Note: I do have a solid allocation in ETFs and Mutual funds that I won't touch. Asking this more so for the cash I have on hand and my tech/single stock picking portfolio.
Thanks!
With that said, I'm not too sure what the rest of the years holds with increasing interest and my portfolio has a number of very leveraged tech companies not making profits yet.
So the question is:
1) Do I start buying some cyclicals, financials, and industrials? Don't currently have huge exposure. If so, how do I enter, any specific ETFs? Do I buy into travel, banks, restuarants, materials, etc..?
2) There's been quite a run up these areas given the anticipation of this reopening. Is it too late? Do I just keep the course and buy into my normal S&P ETFs?
3) Do I ditch some of my tech stocks? Some of my stocks i'm still bullish long-term - SHOP, MELI, PINS, OKTA but short-term, am a bit hesitant. At this point, I think i should hold as I still believe in thesis, and have taken the hit YTD already.
Note: I do have a solid allocation in ETFs and Mutual funds that I won't touch. Asking this more so for the cash I have on hand and my tech/single stock picking portfolio.
Thanks!