That mini crash yesterday taught me one thing; the "AI Trade" is very fragile. The market thought Open AI had a huge miss and the markets dumped. To me, that doesn't show a lot of confidence in how much longer this ride has. Therefore, today I started shoring up my cash position and putting more $$ into $XEQT. With the big players in the AI trade making up 40% of the S and P, I am staying away from $VFV and other ETFs like it. I am also going to move more funds into $IAI, $BR and other "financial digital toll booths". I'm older, so I want to protect my capital. For you younger folks, I would use this as an opportunity to build your cash position so you can take advantage of some buying opportunities. Sell on green days and buy on red ones. All the best.
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2 Comments
CoderDonna @coderdonna · 12d
An ETF that has a portfolio of ETFs always reminds me of an ouroboros...
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