Advice for diversifying (Tech heavy)

I’ll start. I keep up with regional banks through consulting work. There are several that I like a lot as sort of population fleeing south plays. With strong balance sheets and increasing rates, I think these still have room to go up.

First Tier
Truist (Charlotte) - TFC
Western Alliance (Phoenix) - WAL

Second Tier
Pinnacle Financial Partners (Nashville) - PNFP
South Plains (Lubbock) - SPFI

J-E-T-S
JETS JETS JETS

JETS

quote:

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buy the dips. Tech rules the world and isn't going anywhere.

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I’m starting to lean this way. If tech crashes hard I have a hard time seeing my stock portfolio being my biggest concern. It just seems like a healthy economy means healthy tech. Now the question of, “has tech gotten overvalued right now?” seems fair and could be true. But I still like tech long-term.

Financials and energy

I second financials and energy. Never hurts to diversify just in case.

XLF is a bank etf which might be good for you if you are thinking set and forget instead of trade in and out.

XLU is a utility ETF.

I’d just use an etf screener to keep costs down.

I’m moving toward a more set and forget basket ETF type portfolio.

I’ll keep some money available to buy a company that I think has earnings sufficient for the price to be worth it.

Higher interest rates have a direct impact on National Bank stocks. I would avoid any stock involving a non-bank lender (ie Quicken, loanDepot, etc). Bank of America, Wells Fargo, Regions, First Horizon, etc are all solid plays long term because interest rates will be skyrocketing upwards to combat inflation.