Quote:
Originally Posted by philfree
Truly. I'm actually going to build a portfolio. I'm going to have a couple financial advisers but I wanted some Chiefs Planet input. Besides what I do with the advisers I'll end up doing something on my own. Maybe I should do a small portfolio based on the advice from Chiefs Planet.
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I got some good advice here about self directed stuff, and Vanguard has good performing funds with low fees, so that's as good of advice as I've gotten.
Naturally you won't hear a word about any of that from an adviser because they're after commission.
If you're looking for Industries to pile into mutual funds with:
I'd stay out of Health Care. It has made a killing, but with all the non-sense, it would scare me.
I'd be out on anything Ag. Monsanto may be in some shit with this extend bean and the chemistries shitstorm they've created. They probably won't hurt but they may. Sometime is the time to get into machinery, but I'd try to look for a bounce in the corn price first.
Oil industry is in the toilet, I thought there was a decent look there, but crude fell out of bed again, and my understanding is that it is a bloodbath. No idea WHEN to get in, maybe now.
I'd look at defense, maybe steel if you're willing to gamble.
Another thing I would look at is I wouldn't want to be really heavy in anything that is holding a lot of cash outside the US (Apple, for instance) That is a giant problem for lawmakers that they will at some point have to address, and it may get ugly for some of those companies.
Retail might be one to look at as the industry has gotten leaner.
I'm pretty dumb when it comes to stocks, but that's what I would do if I were trying to manage things intensively.