Ice has been and still on to something.
Folks did well if they bought or held over the last 5 months when other folks were scared to hold or buy anything at all, but it wasn’t easy for those who did with all that was going on - lots of risk. If you missed the tech pop up you can now buy into REITs, Banks, Hotels, Airlines etc for a shot at some nice gains, but guess what? Buying those isn’t easy for those who do with all that is going on - lots of risk. It’s the same story second time around. What are you gonna do?? Buying anything this year wasn’t easy for sure and likely won’t be the rest of the year.
I am adjusting to 2021 - sold off 15% of my tech stocks as things got too hot Wednesday and added more comeback stocks SPG, WYNN, STOR, USB, MAC etc over 2 days and on Friday I did manage to buy back full positions of LVGO, FSLY, RKT at 15%-25% less then what I sold them for two days ago too. Added more AMZN late morning today also.
Still have cash on the side. I have had great gains this year with 20%+ Cash on the side most of the time. Aggressive, higher growth stocks with cash on the side is superior to having a 100% stock diversified portfolio. We saw that this year with the Nasdaq 100 vs the SaP 500 and last, 3,5,10 years also for that matter. Having and managing cash this year has been more important than any time since 2009.
I think at this time if you want to get in I would add comeback stocks now and positions in Tech during sell offs as folks switch over to comebacks as things get better. Don’t run out and buy AMZN at $3500 no!, but be reasonable and start adding positions if it’s under say $3200 now, hold for years and there is a high chance you won’t regret it. Don’t say I will buy AMZN when it goes back to $1700 or less. If it goes lower than $1700 that will mean that it split. And you will miss out.
Comeback stocks for mid term, but Hold for tech for long term with whatever amount cash on the side to make you feel good may be the best mix to be in. Find a way to get there.