Interesting portfolio.
I personally find automotive and banking (esp. European banking) rather overvalued. So If I wanted to reduce by 30%, I would start with selling GM, Volkswagen, Deutsche Bank and Bank of Ireland.
Your portfolio seems to be "risk-on" with Tech, Automotive and Finance and little anti-cyclical stocks as agriculture, utilities, defense.
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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).