I think there's no denying that cash is the safest asset right now.
Would you rather lose 9% in a year or 30% to 50% more in a market drop?
It's better imo to be mostly cash (at least 50%) and maybe hold a couple energy and healthcare etfs.
I don't see any point in holding much tech right now.
I mean MSFT AAPL and GOOGL ok, but only maybe 10% total portfolio.
I still think right now CASH is the best asset.
When the market is sitting at 3000 next month you'll wish you had 50% cash or more!
Just my opinion.
I don't see the spx over 4500 until maybe 2025!
Just think if you're holding 100% cash and buy in to SPY at 2900 and in 5 years we're at 6000. You'll DOUBLE your portfolio!
So if you have $100k now you'll have $200k or close in 5 years buying in around 3000 or less and simply holding.
Remember CASH is the place to be now.
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