Well today might be the breaking point for me.
Last week I really cut back on layering in as it fell to increase my equity allocation. Today I am actually thinking to sell some of those purchases at a loss, assuming farther downside.
The thread with the charts shows that we could be just at the start of a much greater downswing. The all-in podcast was saying that growth tech is being deprived to the new normal and their rule of thumb for 50% growth is 8x PE.
I hate to panic and I do have 20% or 30% left to use to buy up to my target, so maybe I will just sit and weight. However I am torn between selling some with the plan to buy back lower versus buying more lower with the plan of layering out as it goes back up. But buying more would make me even more concentrated than I already am so I see it as a risk.
I usually do the opposite of what I should, so maybe I am a harbinger of a bottom.
Last week I really cut back on layering in as it fell to increase my equity allocation. Today I am actually thinking to sell some of those purchases at a loss, assuming farther downside.
The thread with the charts shows that we could be just at the start of a much greater downswing. The all-in podcast was saying that growth tech is being deprived to the new normal and their rule of thumb for 50% growth is 8x PE.
I hate to panic and I do have 20% or 30% left to use to buy up to my target, so maybe I will just sit and weight. However I am torn between selling some with the plan to buy back lower versus buying more lower with the plan of layering out as it goes back up. But buying more would make me even more concentrated than I already am so I see it as a risk.
I usually do the opposite of what I should, so maybe I am a harbinger of a bottom.