Talk of The Villages Florida - View Single Post - Anyone else preparing for a big selloff?
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Old 11-23-2024, 12:01 PM
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dewilson58 dewilson58 is offline
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Originally Posted by manaboutown View Post
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.
Don't look 82.
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