Holding a well diversified portfolio
$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$
I trimmed my overweight in $WisdomTree U.S. Quality Dividend Growth Fund(DGRW)$ and some Covid gains in $EnLink Midstream LLC(ENLC)$ . I’ve doubled my cash position and cash has also gone from 1% to 2% of my portfolio (but 6% in mmf). (Saving some for taxes and new Roth IRA contribution). I’m a DGI investor with a 4.8% portfolio yield. I’m usually about 5-6% cash, but gains naturally lower an idle cash position on an allocation percentage.
When a market spikes higher like this one, there’s data that shows it finishes the 12 months later up double digits almost every time.
Imo, so much of the overly cautious money is coming in to chase the now more stable outlook for stocks. So, call me naive, but I don’t intend to sell out of LT positions, also putting 50% of my paycheck into the market continually will allow for some DCA in spots. Looking to upgrade on tech/quality in a selloff, yet will hold my 92% market exposure through whatever comes.
Holding a well diversified portfolio. The last two positions I started were $Visa(V)$ and $Verizon(VZ)$, so I vary my dividend holdings.
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