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2022 Portfolio Sector weighting
#7
Scoot, I guess I wasn't clear. I do own materials now. NEM mines gold and copper. I have puts sold in CLF to cover steel if assigned. I trade silver now and then. I'm just not overweight in materials. I've been bitten too many times. They can drop for five years and cut the dividend along the way. China has been a thorn as well and can wreck about any commodity they choose. I'm not saying that is their current intention. My SPY fund holds materials so I'm covered enough in the sector.

Similar story with oil for me as well. I like the prospects for the next 1-2 yrs. There is a production shortage but not an oil shortage. I've done well in oil lately but I won't overstay my welcome again. Oil will be around for decades but there may be as many bad years as good years. That's my expectation actually. There are a thousand oil bulls on SA but believing their predictions hasn't served me well. I won't be greedy if it turns out for me.
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Messages In This Thread
2022 Portfolio Sector weighting - by Scooterd - 12-21-2021, 01:37 PM
RE: 2022 Portfolio Sector weighting - by rnsmth - 12-21-2021, 03:29 PM
RE: 2022 Portfolio Sector weighting - by cemanuel - 12-21-2021, 04:08 PM
RE: 2022 Portfolio Sector weighting - by Scooterd - 12-21-2021, 06:38 PM
RE: 2022 Portfolio Sector weighting - by Scooterd - 12-21-2021, 06:42 PM
RE: 2022 Portfolio Sector weighting - by fenders53 - 12-21-2021, 07:09 PM
RE: 2022 Portfolio Sector weighting - by cemanuel - 12-22-2021, 05:16 AM
RE: 2022 Portfolio Sector weighting - by rnsmth - 12-22-2021, 07:50 AM
RE: 2022 Portfolio Sector weighting - by Scooterd - 12-22-2021, 09:13 AM
RE: 2022 Portfolio Sector weighting - by rnsmth - 12-22-2021, 09:41 AM



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