Q: My question is on portfolio management, trimming rather than selling.
I'm hearing and feeling that some sectors and companies, or even countries like the US market, are a bit expensive, ahead of their skis, and might well be trimmed. I have done so for gold, for example.
I would like your opinion. Even if you don't agree with the premise, what areas would you trim on that basis.
Lastly, can you suggest some areas that do not fit that premise and are under-valued. I think this of oil and gas, for example.
I'd be grateful for a detailed answer on this and would be happy to spend a few points for it, as you see fit.
Thanks, as always, for your wisdom.
I'm hearing and feeling that some sectors and companies, or even countries like the US market, are a bit expensive, ahead of their skis, and might well be trimmed. I have done so for gold, for example.
I would like your opinion. Even if you don't agree with the premise, what areas would you trim on that basis.
Lastly, can you suggest some areas that do not fit that premise and are under-valued. I think this of oil and gas, for example.
I'd be grateful for a detailed answer on this and would be happy to spend a few points for it, as you see fit.
Thanks, as always, for your wisdom.