Below is an excerpt of our weekend analysis posted Sunday 5/3/20.
Invest: Long Term Portfolio
Starting in early February, we wrote that you might want to sell high and use asset allocation strategy to rebalance the portfolio and reduce stock exposure in long-term portfolios. We ourselves got out of all stocks in our long-term portfolio in February.
Since the Down Trend started on 2/20, we recommended to stay in cash for now because the current Down Trend is not over yet.
Apparently, Warren Buffet agreed with us. He revealed the following information in Berkshire annual meeting on Saturday 5/2.
So if the famous long-term investor Warren Buffett isn’t buying right now, we certainly are not deploying long-term money into the stock market just yet.
If we were still holding stocks in a long-term portfolio, we would try to sell weaker stocks, just like Buffett did, to take advantage of the current higher price, before Dive2 takes off for real.
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