October brings back images of stock market crashes, the falling of the sky and other doomsday scenarios on the scale of apocalypses. It is not surprising that weak employment data last Friday in the US has made equity markets jumpy.
Currently, I’m adopting a nimble strategy of being overweight in cash and eyeing the bluest of blue chips for medium to long term growth and not over-committing to having up to 80-90% of my investible capital in equities (as I used to in the past) as I’ve learnt the value of having some portion of your investible capital in cash and cash equivalents because the world changes too fast. Even quick punts can net one returns exceeding 2 x fixed deposits.
What is your current strategy in the light of October volatility?
Share with Panzer in the comments page.
Be well and prosper.