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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (7251)	8/1/2024 5:43:23 PM
From: Rincon v2.0	Respond to of 22004

I've got 40% tech exposure in some portfolios. Time to trim ya think? I think this is the market being irrational ahead of the expected September rate cut. The market has frequently acted this way in recent years ahead of many FOMC meetings, even when the move was widely expected – and then the Fed did exactly what was expected. But your tech allocation is higher than I would go for my kids. I’ve got them at a comfortable 22%. I expect the market to gyrate until September 18, then be irrational immediately after the FOMC meeting, and then rally.

To: chowder who wrote (7251)	8/1/2024 6:41:48 PM
From: SeeksQuality	3 Recommendations Recommended By ddbpaso livwell suncoaster Read Replies (1) \| Respond to of 22004

Depends on your goals... My older son is well over 50%, taxable account with large gains. I told him flat out that the account will probably get cut in half some time in the next five years, but that his holdings will be fine out the other side. A 40% tech allocation is far too much for my goals, so I hold less. There are easier ways to get gains in this market. (Admittedly might not be quite as large gains, but I don't need large gains.) I always try to hold a portfolio that supports my long term goals. Market timing is not my thing.

To: chowder who wrote (7251)	8/1/2024 6:55:13 PM
From: Max2.0	4 Recommendations Recommended By chowder Gordon Gekko 23 livwell SeeksQuality Read Replies (1) \| Respond to of 22004

I have a balanced portfolio including Tech, DGI, Income, some Bond funds, Growth, etc. I am of the opinion that what is going to happen over the next several months is unknowable. I therefore do not play the game of selling specific securities when I think they are prepared for a correction. The only exception is with CEFs, I will sell a CEF that is at a premium to buy a comparable one at a discount.

To: chowder who wrote (7251)	8/2/2024 7:32:21 AM
From: cemanuel	1 Recommendation Recommended By chowder Respond to of 22004

I've got 40% tech exposure in some portfolios. Time to trim ya think? Could be - I won't be, probably* but I think there's a good argument in favor. The market is acting like, based on the weekly jobs report, the economy will slow too much. I think they're a bit premature but today's July employment report will give a much fuller picture. Anyway, IMO the Fed could have very much justified a quarter-point rate cut Wednesday. They didn't and I'm afraid if things start going south September will be too late to really turn it around. *If this morning's employment report comes in very soft I could trim tech. I'm not going to due to a cyclical pullback - it'll come back one or three or six months from now - but will if I think there's an overly softening economy.