I made a decent return by picking up oil drillers when futures went negative in April and closing all those when the second Covid-19 wave started to gain momentum. I’ve rotated 100% to a Nasdaq Index fund for now. My reasoning being I just don’t see any other decent sectors right now. I believe the fed will go bananas rather than allow 2008-2009 style crash to happen again. I think all the historical comparisons are largely irrelevant now because of this. I think holding cash and waiting for a crash will be like waiting for Godot. The only place I can see to park my next egg is tech with its comparatively minimal debt burden and the juice it’s gotten from social distancing.
Tell me how I’m wrong...
Submitted June 27, 2020 at 10:37PM by everydaygreyman https://ift.tt/2VseMDn
