Decided to break up more portfolio into 4 “target areas”:
Aggressive: ~37% (target 30%)
Blue Chip: ~7% (target 10%)
Real Estate: 14% (target 15%)
Reserves: ~41% (target 45%)
Attempting to wind down a few of my more aggressive stocks as they return to pre-pandemic levels (airlines, hotel REITS). Primary goal at the moment is positioning to counter inflation and interest rate risk.
Aggressive - A little over extended with options than I would have liked (prices kept falling), but otherwise have strong bets on RDFN, DOCN, and AMD.
Blue Chip - Attempting to diversify and mitigate some inflation risk with companies that haven’t been run up over the past year. VDC was a strong player at one point, but worried it might be including too many overvalued companies at the moment (i.e. COSTCO, etc.).
Real Estate - Another counter-inflation play, although interest rate risk is a concern for REITs. Still trying to unwind the last of PK (strong recovery stock) as it returns to pre-pandemic levels. Have attempted to diversify into office, retail, hotels, and a small bit of data center exposure. As you can see, SCHH still is the largest holding.
Reserves - Target is capital value preservation, with primary holding in short-term TIPS. Rounding it out is a strong position in inflation hedges of gold, a direct treasurer inflation hedge (RINF), and foreign exchange hedges.