It’s been a while since I’ve posted. A couple of months actually. And to be completely honest with you, I’ve done absolutely no money moves since my April post. I’ve stayed “pat” and held my diversified positions. This is why I haven’t posted. You might wonder – why no money moves? Well, I’m somewhat embarrassed to say, I have been “all-in” with my portfolio and have not decided to put any more cash into the market. I currently hold less than 2% of my net worth in cash, so I don’t have much cash to put to work. This might be a somewhat low allocation of cash reserves, but I’m not too worried. I’m working on some real estate moves right now and I will have more cash than I want to deal with in a few months.
On a positive note, my portfolio is nearing the all-time high’s it hit in early February. Hoping the momentum picking up in the tech growth stocks will keep building. My bet on the FAANG cash-cows have gone very well through the “reflation” cycle since the growth tech stocks have been hammered the last couple of months. I think FAANG will continue to do well as they are playing the role of modern ‘safe haven’ assets in place of bonds and precious metals.
Thats all for now. Will post again when I make more money moves!