Went On A Selling Spree Today

posted Feb 24, 2020, 7:53 PM by Intelligent Investor   [ updated Feb 24, 2020, 10:41 PM ]
I think this stock market bull run is over. I just have a hunch that it's over. However, I've been wrong before. The deadly coronavirus outbreak seems to be the catalyst that will end this bull run. I sold all of my non-performing assets as well as companies that have great exposure to Asia.

Dow plunges 1,000 points on coronavirus fears, 3.5% drop is worst in two years 

AT&T has a good 6% dividend but there is no growth. Hilton Grand Vacations, I think has great exposure to Asia and the travel industry will be affected by the coronavirus outbreak. Starbucks has great exposure to Asia and I mean a lot of exposure to Asia. Synchrony Financial, Warren Buffett owns this one, so I'm not sure why I should sell it. But I need to raise cash just in case there is a recession looming around the corner. And the same goes for U.S. Bank. It's a good bank, not a great bank. But Warren Buffett owns it in his portfolio. But like I said, I need to raise cash. Synchrony Financial and U.S. Bank just does not have great brand name recognition.

Sold:
AT&T (T)
Hilton Grand Vacations (HGV)
Starbucks (SBUX)
Synchrony Financial (SYF)
U.S. Bank (USB)
Comments