90% cash - this ain't over yet (methinks, I may be wrong)
Ha!! Then we are on the same boat!
Btw. What stocks are your clients investing in: the MSFT and likes, the Unilever's/P&G themes, the riskier bets, safer bets (utilities?), the Hertz of this world, the Boeing/Lufthansas and rescue cases, ETFs (I know you are fan of a few names). Beyond specific names, I'd be more curious on their general convictions (other than cash -and gold?-) at this uncertain times. I assume no FI at this moment (or do you see them keeping some to balance long term? Would be crazy, with 90% in cash).
I know is a theoretic question above (and probably no client portfolio would replicate this view), but interested in your thoughts. Thank you!
since I'm on a work computer I'll have to pass on specific names. here's what I'll say, my portfolio has companies that have similar characteristics - growing dividends but not high yield, solid balance sheets, and no exposure to concept stocks (pre approval biotech, no-earnings tech, etc.). all US based, all worth more than $25bn. I play in mid caps a little bit on my personal portfolio, but mostly large caps. I allocate some money to managers in the smaller cap space and you're seeing some cheapness there (moreso than SPY). I always bang the quality drum, because in order to profit, you must first survive. I'm less focused on finding the next AMZN and more finding things that can compound capital at >5% net of inflation and fees indefinitely.
the 90% cash was for me personally, bonds absolutely still have a place for investors, but no 30-something should invest there, I look at the cash as a parking place until I deploy that money into stocks/beach house/vacation/another gun. for older investors that need to withdraw money, high quality govvies & corporates can provide a good place to pull from when stocks are falling.
never been a fan of gold and I don't see that changing. I'm always open, but I have never seen a compelling case as to why you should own it unless you believe all currencies will become worthless and that gold is the beneficiary from that
beyond that, I'm waiting. the PE and REPE stuff I've seen has been mostly dogshit, maybe it's my platform but none of the firms I'd want to invest with are launching anything right now and the prospective returns on REPE (for my clients anyway) are laughable when you consider the illiquidity, fees, and lockups.
Et itaque sed cumque corporis. Ex sunt accusantium exercitationem facilis. Est consectetur placeat perferendis eaque. Sed laboriosam aut qui voluptatem nulla at.
Placeat soluta molestiae tempore quibusdam ea. Culpa quidem dolor repudiandae aut omnis non.
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Burger King is currently running a $1 for 10 chicken nuggets deal.
So 10,000,000 chicken nuggets.
I couldn’t think of a better response. You are my hero.
Puts on SPY and calls on VXX
Good luck in your game of chicken with the Fed.
Buy Hertz!
10% in the stock portfolio I run for clients 90% cash - this ain't over yet (methinks, I may be wrong)
Ha!! Then we are on the same boat!
Btw. What stocks are your clients investing in: the MSFT and likes, the Unilever's/P&G themes, the riskier bets, safer bets (utilities?), the Hertz of this world, the Boeing/Lufthansas and rescue cases, ETFs (I know you are fan of a few names). Beyond specific names, I'd be more curious on their general convictions (other than cash -and gold?-) at this uncertain times. I assume no FI at this moment (or do you see them keeping some to balance long term? Would be crazy, with 90% in cash).
I know is a theoretic question above (and probably no client portfolio would replicate this view), but interested in your thoughts. Thank you!
since I'm on a work computer I'll have to pass on specific names. here's what I'll say, my portfolio has companies that have similar characteristics - growing dividends but not high yield, solid balance sheets, and no exposure to concept stocks (pre approval biotech, no-earnings tech, etc.). all US based, all worth more than $25bn. I play in mid caps a little bit on my personal portfolio, but mostly large caps. I allocate some money to managers in the smaller cap space and you're seeing some cheapness there (moreso than SPY). I always bang the quality drum, because in order to profit, you must first survive. I'm less focused on finding the next AMZN and more finding things that can compound capital at >5% net of inflation and fees indefinitely.
the 90% cash was for me personally, bonds absolutely still have a place for investors, but no 30-something should invest there, I look at the cash as a parking place until I deploy that money into stocks/beach house/vacation/another gun. for older investors that need to withdraw money, high quality govvies & corporates can provide a good place to pull from when stocks are falling.
never been a fan of gold and I don't see that changing. I'm always open, but I have never seen a compelling case as to why you should own it unless you believe all currencies will become worthless and that gold is the beneficiary from that
beyond that, I'm waiting. the PE and REPE stuff I've seen has been mostly dogshit, maybe it's my platform but none of the firms I'd want to invest with are launching anything right now and the prospective returns on REPE (for my clients anyway) are laughable when you consider the illiquidity, fees, and lockups.
Et itaque sed cumque corporis. Ex sunt accusantium exercitationem facilis. Est consectetur placeat perferendis eaque. Sed laboriosam aut qui voluptatem nulla at.
Placeat soluta molestiae tempore quibusdam ea. Culpa quidem dolor repudiandae aut omnis non.
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