Wanted to bounce my strategy around here.
As many others in this sub, I view this bull run with caution and some skepticism. However, I am hesitant to pull too much of my money out of the market in an attempt to time a drop (I have a long risk horizon).
My previous strategy has been to stay away from stock picking and invest long term in index tracking ETFs, mostly the SP500 but others as well. But due to my concern of a possible correction looming, I'm trading in some of my SP500 in exchange for individual stocks that I classify as value picks. These stocks are all large/mega cap, have at least some dividend and preferably high dividend, and have under-performed the market in the last 3/6/12 months but not stocks that have gone far red. A few examples of stocks I've bought within the last year include T (~$37), DAL (~$35), GIS (~$60), DG (~$72), BUD (~$104). No stock makes up more than 5% of my portfolio.
So...thoughts? As someone without too much time to research in depth, am I foolish to try to pick stocks? Or does it make sense to chase value in a run up market?
Submitted March 20, 2017 at 10:43AM by redfin01 http://ift.tt/2nVXETj
