Market runs into spin in last weeks or so. It is very scary moment. However as long term investor, I will take long term view of my holdings. Many of stocks in this portfolio reported very strong earnings such as BA, AAPL, FB, DXC, AMZN etc. There is no reason to change my view on any of those. TWTR finally did something good.
But giving that inflation era might come, I will take this opportunity to adjust some positions.
I closed out airlines after couple of years of struggle. Giving the oil price might remain high, I expect airlines might not perform well. So I closed JBLU and DAL.
I will also close out YELP and replace with SQ
I will initialize a few position that I never had opportunity to put on. Initialize HON and WM. WM is a boring company with 2.15% yield with very good management team. This is the type of company I like in economy down time. HON is the leader in industrial. It will continue to be benefit from global growth and coming infrastructure bill.
I will also start to build position in SNAP. The company is still struggling however the turn might come soon. Last quarter gave some good sign of it.
Every sell off is scary. I don't know when the sell off will stop. However, based on former experience, if I can pick up good companies at or close 200MA, it barely goes wrong (well, except 2008, LOL). Is this the moment of 2007, only market can tell. I would say that know what you own and stay as long term investor will be the best bet still in today's market.
