Caution on investments
Jun. 9th, 2020 08:55 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
mtbcI was not expecting the current buoyancy in American stock markets. I am decidedly skeptical of it: I suspect that prices are much more likely to be significantly lower in a few months' time rather than higher still. Given how little careful distancing seems to be happening in many states, the infection rate may cause some rethinking, and goodness knows what new surprises the current administration will yet bring.
In the meantime, I have a large majority of my savings cautiously sitting as cash, waiting for me to better understand what is happening and to see what the markets do next. Separately, I am curious about the fate of the stocks I chose to hold: maybe a third of that value is in American information technology but, while denominated in US dollars, a fair chunk of the remainder is equity in Asia-Pacific businesses, with a slant toward real estate which, given the pandemic, perhaps I ought to reconsider; I have already lost a bit on that. At least I got to sell Regency Centers' stock above $50; last March it fell from over $60 to well below $40 which makes me leery of other real estate.
In the meantime, I have a large majority of my savings cautiously sitting as cash, waiting for me to better understand what is happening and to see what the markets do next. Separately, I am curious about the fate of the stocks I chose to hold: maybe a third of that value is in American information technology but, while denominated in US dollars, a fair chunk of the remainder is equity in Asia-Pacific businesses, with a slant toward real estate which, given the pandemic, perhaps I ought to reconsider; I have already lost a bit on that. At least I got to sell Regency Centers' stock above $50; last March it fell from over $60 to well below $40 which makes me leery of other real estate.
