Western Sage Equity Fund’s Direction in 2021

Western Sage Equity Fund’s Direction in 2021

With this recent ‘tech wreck’ that has developed in February and March of 2021, our private fund is re-thinking our emphasis on technology stocks. As you may already know, tech stocks suffered some incredible losses and have taken a downturn. Big stocks that thrive on innovation and cutting edge technology have been faltering for most of March, and one wonders how long this ‘tech wreck’ will continue.

At least, uber CEO of ARK Investment Management, Cathie Wood, is quite confident that there is an underlying bull market that will take us out of market correction and tech stocks will skyrocket to new highs. Cathie Wood says that Tesla (TSLA) stock will reach $3,000 a share. Okay, and that’s why I continue to hold onto the stock.

The Western Sage Equity Fund can be broken down to a portfolio heavy in technology stocks, thus the fund is suffering right now.

Looking at the exchange breakdown, the fund is heavy in NASDAQ stocks as well, thus we are closely monitoring the NASDAQ for any changes in March and heading into April.

And like Cathie Wood, we remain positive that eventually we will see a more positive change in the overall stock market once tech stocks recover from this rare market correction.

Our Direction From Here On Out?

We’ll continue to invest in technology stocks, but we plan to balance out the fund to include more E-Commerce, Energy and Industrial stocks. We are looking to get back into Caterpillar (CAT) and perhaps more defense stocks like Lockheed Martin (LMT).

The fund has pretty much stayed away from banking stocks, but we do have financial stocks such as Visa (V) and PayPal (PYPL).

But once tech stocks hit its stride once again, we’ll also invest in a few ‘disruptive innovation’ companies on Cathie Wood’s portfolio, although we are already invested in her ARKK ETF.

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randomguru

Portfolio Manager & Musician

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