CKHUY - Portfolio Strategy 2018: Conservative Positioning After A Bullish Year
This article explains my investment strategy going into 2018, as well as changes to my strategy over the past year. I mainly discuss equities, which I’m still bullish on given the economy’s strong fundamentals and the earnings catalyst of U.S. tax cuts. LPL Financial has cited these factors in their recent S&P 500 earnings forecasts, believing the index "would be fairly valued in the range of 2,850—2,900 by year-end 2018."
Due to a widened valuation gap between growth and value stocks, however, I’m increasingly valuation-conscious in stock selection. I’m also holding additional cash to allow