70 percent of my portfolio is $NVDA (+0.93%) —I’ve never really cared about that before. “I’ll hold onto this at least until 2030” was my motto. Because I consider it one of the best stocks in the world.
And what did I do yesterday? I sold 20 percent of the position and added three new stocks to my portfolio: $SAP (-1.95%)
$UCG (+0.32%)
$MUFG (-0.28%)
Why?
Because I think the risk is too high that meme stocks like SpaceX will first suck up all the money and then cause the bubble (which we’ve identified) to burst in a way that drags down fundamentally sound stocks as well.
And because I’m too old for that kind of crap: diversify.
Sure, the concentration is still huge, but it’s a start. If the madness on the stock market continues to drive the herd, I’ll keep selling off NVIDIA, but not everything. I’ll keep 40 percent.
I actually wanted to pick up something in the healthcare sector, but couldn’t find anything attractive.
