2024-06-26 01:34:12 ET
Summary
- I'm staying invested due to bullish catalysts likely to come in the second half of 2024.
- I explain why I am not extending my hedges and what risks lie ahead for the index.
- I also present an alternative to balance these risks.
Dear readers,
Many of you know that despite my preference for value investing, a significant part of my portfolio remains invested in the S&P 500 ETF ( SPY ). This is because I like the diversification which comes from investing in a broad market index, but more importantly, I have been fairly bullish on its short to medium-term performance and wanted to take advantage of the momentum....
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For further details see:
S&P 500: Stay Invested, But Pay Attention To These Risks