However, there are four sectors that I am only slowly selling or continuing to hold:
- Oil and Gas. Tremendously beat up sector. Some stocks in this sector are paying 5-7% dividends: OXY, WMB, KMI, BP, XOM Others are at or near all time lows: CHK, MCF, NE. I am not purchasing any more shares, but holding or slowly selling what I own as the mid-east crisis boosts oil prices.
- Gold and Gold Miners. Gold has just reached a 6 year high. With the geo-political issues, gold and gold miners could keep rising.
- Biotech. It has been a long winter for most developmental biotechs. Fear over Medicare for All, Health Care reform, and price controls have kept these stocks down.
- Bitcoin related stocks. I bought at the end of 2018 and have lost over 80%. Some of these stocks have started to bounce back, as much as 100% of their lows. I own OTIVF, MGTI, MARA, HBVTF, and NXTD
Disclosure: We own shares of OXY, WMB, KMI, XOM, CHK, MCF, NE, OTIVF, MGTI, MARA, HBVTF, and NXTD,
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This is not financial or investment advice. Please consult a professional advisor.
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