your help for startegy

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Hi Guys,
I’m actually doing well with my Gaz & energy compagnies and I want your opinion regarding my next strategy.
During 2020 and bought: Nuvista, Enerplus, Cenovus and Suncor
I start to switch gradually from Gaz & energy to tech compagnies. I have the intention to keep only one or two of these companies: Suncor and Enerplus or Cenavus
I have actually a full position on LIGHTSPEED (AVR 52$) and I started small positions on AT-C, Shopify, Black Berry and NVEI-C
I’m 42 years old and very comfortable with aggressive portfolio for the coming 5 years. After that my portfolio will be more constituted by fundamental stocks and dividends stock.
I need you opinion regarding my timing to switch from gaz & energy to tech compagnies and tech compagnies that I’m targeting.

Thank you for your help

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Asked on February 25, 2022 1:48 pm
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First off, the only tech company on that list that I am kind of indifferent towards is Blackberry. I've never been much of a fan. The others however I like.

You're definitely taking capital from an industry that has run up in value and placing it into one that has witnessed a significant correction. Whether or not this pays off in 5 years is heavily dependent on the planet's demand for oil, and the rate at which interest rates rise.

I think there's still more room for a run-up in energy companies, and I hold XEG, the energy ETF, to gain exposure to this. I plan for it to be a multi-year hold and I will exit when I think the market cools down.

If I personally would be transitioning from oil and gas to tech, I'd probably be slowly doing it. There's certainly more room for tech to go down, and there's certainly more room for energy to go up.

I don't think your strategy is necessarily "bad" but for me personally, I just hold a portfolio that contains both tech and energy. Selling in and out of sectors can be a very difficult thing to time.

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Posted by Dan Kent
Answered on February 27, 2022 1:11 pm