What should you do with your portfolio right now? Market update 2-24-22

Rather than give a specific stock pick on today's episode, I talk about what you should do with your portfolio. There are opportunities in the market. Stick to the 40-40-10-10 rule that I personally have. 

40% - buy and hold - you should just hold these for a very long time. You can add or subtract companies from this group. Examples for me - $AAPL $MSFT $GOOGL. I do have $TSLA in this group, but that's an example of a company that could go in and out of this group. 

40% - long term, but rebalance every 6-12 months. This should be dividend stocks and some of the other long term areas that are not subject to very large fluctuations. Examples of this are $KO and $PEP for me. Others included in this are energy stocks for this year like $MPLX and $XOM. I also have many of my ETF's in this like $XLK $XLY. The ARK funds should be in this group based on the performance from last year. 

10% - short term - 0-6 months. These are companies that you have a conviction that things are good, but long term there may be volatility that isn't worth holding past a few earnings quarters. A company like $FB for me is in this group since I found myself using social media less and less. $TWTR is also in this as much as I use it the most for social media, they just haven't been good at monetizing it. $CRM is in this group because of their valuation. 

10% - day trading and swing trades. The perfect example of this are crypto related stocks or actual coins. The volatility for me makes it an easy way to get in and out to grow your short term profits. 

There are some great opportunities today, but nibble. I don't think it's worth going big on your buys even with all of the discounts we're seeing today.