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RE: My latest non-Crypto portfolio snapshot, before a re balance next week, looking for advice

in LeoFinance5 years ago

It is my thinking that banking has overestimated the amount it needs to deal with bad loans, and will do really well over next year or so. I am especially confident in BOI being undervalued, DB is on the chopping block though

VW is a long term trade as I think they are well positioned in the ev market. GM is more of just a value plan that has potential to be cut.

Personally I think tech are the new utilities and are quite defense, also at my age I am happy to be risk on

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Yeah, DB is the riskiest one, I think.
Tech could really be a rather risk-off trade as its margins is and probably will stay rather high.
Personally, I don't own any stocks until a sharp correction of the overall market.

I think it is a mistake to be 0% invested, I am about 70% invested and will probably reduce that to about 50% due to covered calls hitting.

Even if I was very sure a correction was coming I would be 10% invested.

I would probably only need a 5% correction to get up to 90% invested.

Of course 100% invested is not a limit I am willing to go to 300% invested using leverage, of course not at the moment.

I think we are at the beginning of a massive multi-year economic depression starting with a hyperdeflation. In a depression there's the saying "Cash is king". So I basically hold only the 3 forms of cash (USD, Gold, BTC) + 1 risky investment (Hive).