No Change To Cash Status
By Jim Bauer
@porwest (78761)
United States
April 29, 2021 6:24am CST
It was a short time ago that I made the decision to adjust my stock portfolio to a 60% cash position with 40% devoted to stocks, and my current evaluation of the markets has not changed my decision.
I will remain at a 60/40 split at this time.
Again, it's not that I see a market correction coming in the near future. But I do still think the market is a bit inflated, and we are still operating in that shaky territory I like to call "dart board investing."
Earnings are still strong, and the economy seems to be on a path of improvement as we begin to put Covid behind us and are reopening portions of the economy that have been shut down for a long time.
But I want to be cautious. I think right now this is the best plan.
Where I AM invested, I am concentrating on sectors that will benefit the most from reopening.
13 people like this
11 responses
@RebeccasFarm (86757)
• United States
29 Apr 21
You will do well no matter what..you are wise
1 person likes this
@moffittjc (118435)
• Gainesville, Florida
29 Apr 21
I had to go downtown yesterday after work to run some errands, and literally every single business I passed had “now hiring” signs in their windows. Yes, I finally thinking we are emerging from the worst of the Covid pandemic.
1 person likes this
@moffittjc (118435)
• Gainesville, Florida
29 Apr 21
@lovebuglena That’s why so many businesses are struggling to hire employees, because everyone wants to sit at home and collect unemployment
2 people like this
@lovebuglena (43074)
• Staten Island, New York
30 Apr 21
@moffittjc but they can only do that for so long. Unemployment isn’t forever.
2 people like this
@lovebuglena (43074)
• Staten Island, New York
29 Apr 21
Hubby told me many people do not want to work... Probably these are the people that are collecting unemployment. Why go to work when you can sit home and get paid?
2 people like this
@dgobucks226 (34356)
•
1 May 21
I have to agree. As they say in the analyst lingo things have become a bit "frothy." And if you ever watched Jim Cramer's show his famous saying is "Bulls make money, Bears make money, Pigs get slaughtered." I've been slaughtered before so I have been proceeding with caution as a correction is likely giving me an opportunity to buy at a lower price...
1 person likes this
@porwest (78761)
• United States
2 May 21
His assessment is mostly true. The pigs are the ones who try to lap up everything and simply don't care what they lap up or the future consequences they may face. Frothy, right now, is a good assessment of where the markets are, and everyone should be advised to proceed with caution.
1 person likes this
@dgobucks226 (34356)
•
4 May 21
@porwest Unfortunately Biden's policies regarding reopening the economy, oil and government spending on wasteful programs will eventually lead to rampant inflation making market investing more difficult.
1 person likes this
@porwest (78761)
• United States
10 May 21
@dgobucks226 I think we are already there.
1 person likes this
@NateB11 (816)
• United States
30 Apr 21
I've been thinking about investing. I'd like to make money on it now, but have also been considering making a retirement account of some sort. My friend has a guy he uses, was considering calling him. Of course, there are avenues through my job too. I'm pretty green when it comes to that kind of thing, don't really know where to start.
@LindaOHio (156056)
• United States
30 Apr 21
Yes, it's a time to be cautious. We are holding firm with our present position. It's working well for us. Have a great day.
@yoalldudes (35040)
• Philippines
30 Apr 21
I read an article about a person from WHO saying optimistic projection is covid situation will be better early part of 2022 if Im not mistaken.
