Posted 2/18/2024, 1:10:00 PM
Expert Advice: Shift Portfolios to Lower P/E Sectors, Review Holdings in Volatile Market
- Allocate new savings to safer investments like energy, materials, utilities, consumer staples, and financials sectors which have lower P/E ratios
- Review your portfolio and ensure you aren't overexposed to any one sector or theme
- Revisit investment theses for your holdings and sell if the thesis no longer holds up
- Be wary of "story stocks" like Nvidia that are priced for perfection years into the future
- Don't sell everything in your portfolio based on market outlook; stay invested for the long term