I'm diversified in truly stupid directions. I was leaning heavily towards bonds until the end of the year, then noticed that a couple lazy portfolios were swatting my ass, so I rebalanced. It hasn't been good for the portfolio, but TDAmeritrade keeps informing me that these gigantic ETFs I own are paying me a disturbing amount of money every month. So while the value of my portfolio is dropping, the return from my portfolio is actually greater every single month just from f'n dividends. These are the things that they don't tell you. To be fair, I also am holding back giant chunks on auto-triggered buys at like 20% drop. So yeah. I'm in a lot of cash right now, and have been.
That's my angle, hoping for bargain shopping. I actually closed some biotech ETF shorts to my benefit this week. This market is schizophrenic atm, however. If you don't like it, check back in two hours.To be fair, I also am holding back giant chunks on auto-triggered buys at like 20% drop. So yeah. I'm in a lot of cash right now, and have been.
Man, I wish the "check back in two hours" thing worked for me this time... I was holding a chunk of stock from an old employer for a "rainy day fund." It was running about $133/$134 per share, and I got it at about $100/share, so I'm making a little money. So I put in a sell order at $135. Two days later - at $134.2, or something - China tanks. (Back in November, I think?) The market (and my stock value) goes with it. Down to $108, or something. Then the new CEO who everyone was so excited about suddenly is out, and all anyone will say is that he was ousted for "personal conduct problems". Stock tanks again. This was MONTHS ago and I am still underwater on these shares. And all I wanna do is divest from this company, and use that money in a more stable holding tank for emergencies.... sheesh...