Sooooo...What are you doing?I have received a number of PMs from people asking the question - "What are you doing?"
For what it's worth, I decided to post my answer on this Board. I emphasize - "For what it's worth" - since as I have posted many times before, a decision on what to do depends on an individual's financial situation, investment strategy and tolerance to risk. Further, I suspect that perhaps a large number of people here are not as old as I am and not in the same financial situation.
With that as a caveat, this is what I am doing.
Since I am no longer in "the business", I decided when I started posting that I am not going to recommend particular stocks although I will comment from time to time on a particular company.
1.......right now I am at 45% cash
2....I have sold all of my oil and gas production companies a short while ago, although the way things turned out it was a bit early but as I often said to clients when I was in the Business - "Last time I checked nobody went broke making a profit".
3....I do hold pipeline stocks and some electrical energy utilities
4....the vast percentage of my other holdings are in sectors which are unaffected by international events. Not to say they won't be affected by a market downturn but are not senstive by and large to international events and related headline news.
5....I sold my bond portfolio a number of years ago and currently no fixed income in my portfolio. That may change if interest rates go up over the next year.
6....my stock portfolio is somewhat diversified although somewhat overweighted in energy related areas such as pipeline and electrical utilities as mentioned before. I sold my banking stocks a while back and currently am underweighted in terms of this sector.
7....geographically I have recently increased my exposure to Western Europe since I consider it to be undervalued right now. Related to this I don't have any investments in emerging markets as I see them highly vulnerable to world events. Once the international situation calms down I will take another look at them with a particular focus on Eastern Europe.
8...from the above, obviously, my overall market stance is quite conservative. perhaps the riskiest part is the decision to start some positions in Europe.
If any of this helps you - great
If not then do what you think is right for given your circumstances and I wish you the best of success.