The Speculative Stocks....

[fenders53]

I guess I actually had a few more than three out of my 30 stock port, but I sold off most of my UTEs near the high and bought some of them back the past few days. I just didn't trust them. I definitely have about 5 stocks that were destroyed. Not core positions but it was definitely bad enough to really wreck my month. I am just barely better off than SPX with a fairly conservative port. I got lucky during the late 2018 correction. A new port and was mostly UTES. They generally went higher or sideways with the same 20% market drop we are seeing now. I thought it might be different this time with PEs that ballooned 25% or more. I expected the same from consumer staples but the hoarding theme is holding them up so far. I'm just never comfortable holding way over valued anything when it hits the fan. They'll almost always capitulate at some point. The inability to buy bonds for the foreseeable future is really complicating this for an investor that should be conservative. I should put some cash back, but my gut says do it very slowly or I risk missing a big ride I am in position to benefit from at some point.