Marc De Mesel: Aiming Majority Cash!
I am continuing to stash cash to now 45% allocation, to protect against a probably much stronger market crash. Excluding decelerating China numbers, that even if true were reached only by an almost complete standstill of the economy, internationally the #CoronaVirus is growing virally, 10 folding every 2 weeks. If this continues we will go from current 10k infected to 1 Million in only 1 month! Very likely this will collapse - all markets - to a much larger extend than what we saw. Therefore protecting your portfolio today becomes paramount. Sure central banks will print, but the inflation this causes will only slow down the collapse in prices as contrary to popular believe, markets are much stronger than central banks to set prices.
Only if data shows clearly the exponential growth is halted can one safely invest in markets again. Even if markets would respond irrationally and continue to go up, better to miss an opportunity than lose your shirt. It is the responsible thing to do to avoid danger and risk, and allows you to focus on the vital stuff: protecting the life of yourself and loved ones by starting to isolate as catching the virus the first months when there are no proven therapies, vaccines, antibiotics, medicines and healthcare systems is overloaded, under equipped and uninformed, is to be avoided at all cost!
Portfolio now:
30% #Stocks ($TSLA)
25% #Crypto (15% $ETH, 5% $BCH)
45% #Cash, now my largest position
Links:
#CoronavirusOutbreak does spread exponentially
https://twitter.com/MarcDeMesel/status/1235224955324977152
Electricity consumption in China down by 40%
https://twitter.com/MarcDeMesel/status/1235285643565174784
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