Despite an 11% rally in the tech-heavy Nasdaq Composite so far this year, personal finance expert Suze Orman is more comfortable investing elsewhere. “Starting quite a while ago now, I got totally out of tech,” Orman, the SecureSave founder, recently told CNBC’s ” Fast Money .” Orman’s technology exposure warning applies to both individual investors and broader funds. “I am a little bit careful now going too heavily into tech at all,” she said. “And the total stock market index funds, and SPDRs, their top holdings are all tech.” Yet, she wouldn’t cash out of another winning sector: Energy. “I am still a big believer in energy stocks,” said Orman. XLE 1Y mountain Energy stocks, 1-year Admittedly too-early on the call, she recommended investors pile into energy in March of 2020. As of Friday’s close, the Energy Select Sector SPDR Fund, which tracks the energy sector, is up four percent so far this year and 66% over the past three years. “So, I am being really conservative how I am telling people to invest right now . I think that will change in two quarters, but right now that’s where I am standing,” added Orman. ‘I went to cash’ Orman’s second strategy for profits is very short-term Treasurys. “I went to cash and almost 80% of my wealth, besides being in municipal bonds, is 3-to-6-month Treasury bills. I’ve kept them very short-term just in case interest rates do go up I can roll up,” said Orman. “Do not go further out than 6-months. And, I definitely wouldn’t be in bills going past June or July because I want to see what is going to happen with this debt crisis that we are in .”
Source link: https://www.cnbc.com/2023/01/28/suze-orman-is-staying-conservative-with-her-investments-shunning-tech-and-buying-t-bills.html