Decided that I'm comfortable at 40% cash. I now no longer care if markets go up or down short term. If they go up I'm happy and may take some more cash. If they go down (10 to 25%) I start buying more with my 40% cash!
Got a lot of energy (16%) etfs, then diversified.
I think either way, in 5 years my portfolio will be higher. No point in checking it daily (although I will).
Basically now waiting for opportunities. I won't buy any more spx at this level. I'll start buying more at about 3700, 3600 and less. 3000 back up truck!
QQQ I got a little in since its beat down, but maybe could go lower.
But I think the idea in this market is to take profit as much as possible towards the fall and maintain around 40% to 50% cash. No more though. Then about 18 quality blue chips, a few small gambles etc.
I'll keep riding energy most likely all year and maybe next year!
Good luck all!
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