Talk of The Villages Florida - View Single Post - Anyone else preparing for a big selloff?
Thread: Anyone else preparing for a big selloff?
View Single Post
 
Old 11-23-2024, 11:17 AM
manaboutown manaboutown is offline
Sage
Join Date: Aug 2009
Location: NJ, NM, SC, PA, DC, MD, VA, NY, CA, ID and finally FL.
Posts: 7,850
Thanks: 14,293
Thanked 5,090 Times in 1,947 Posts
Default
Quote:
Originally Posted by It's Hot There View Post
"so I have for the most part moved to defensive holdings and the largest proportion of cash I have ever maintained"

Sounds like you already sold.
Nope, at least not securities. I sold some multi partnered commercial real estate in 2022 and 2023 priced at historically low cap rates which provided me with a significant amount of cash. Some I put into equities but most of it I retained as cash in T-bills, money market funds and such which have brought in almost 5% interest. I have sold only a few small positions in securities. However, most of my equities are on the defensive side as I am 82 years of age. I did take a flyer on NVDA at $153 on the old shares before they split 10 for one. Just got lucky on that. My largest equity position remains in BRK which I bought back in the 1980s and just left alone. BRK has well over $300B in cash last I checked. I am not a trader but I do adjust my holdings on occasion so over the years I have gradually moved into more defensive stocks although I enjoy having a few trendy stocks to see what happens to them.
__________________
"No one is more hated than he who speaks the truth." Plato

“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
Last edited by manaboutown; 11-23-2024 at 11:22 AM.
Reply