What are you buying or selling?
Let's try an informal, unscientific survey to add some more investment commentary to CAPS. Here are a few questions and my answers, feel free to answer as many or as few as you like, or answer one I didn't ask.
1. What was your last investment buy or sell? Why?
Mine was a BDX buy last Wed adding a little to an existing position. Boring company (I like those), fair value, ok dividend, good div growth record and pieces are in place to keep the payout growing.
2. Any sectors or investment types you think have good value or are overpriced?
I see ok values in tech, healthcare and energy. In general, I think the market overall is a little on the expensive side of fair value.
I think bonds will be the next bubble to pop - just don't know how long they'll keep getting more expensive before the fall - and I could be wrong. After all, German 10-year bunds have a yield below 1.5% and Japan's 10-year JGBs trade around 0.6%, so it's possilbe US 10-yr rates could drop further.
3. Are you making any change to your investment strategy?
I recently moved a small piece, about 3%, of my 401k to cash. I've also started leaving a little more of any new money sitting in cash rather than buying something. For example, where I would have targeted 90 - 95% of a new investment or dividend to invest, I now look to leave about 20-30% in cash. Nothing radical, just don't want to get caught low on cash if we get a correction.
What are you doing? Or, what am I doing wrong?