It is still not even a bear market. But just to be ready I checked the stocks I would buy for my dividend portfolio. That are the stocks I already own, that have a position size <4% and are still on buy. The position size does not change by the buys because they are on credit and don’t change the total value. Those are the stocks:
DD,HST,JNJ,KMB,MRK,O,ONL,T and VTRS.
Now, that is not enough, I need to buy at least 20% (difference of SPX low to high) of my portfolio value on credit. I will look here for more stocks to buy, but as that is kind of a lot of work I’ll wait for the moment. I am low on energy stocks, so probably I’ll look in that sector.
This is a list of the actual contents of the Dow Jones U.S. dividend 100 index (finviz):
He who sells what is’nt his’n… must buy back or go to pris’n.
Stock picking is already very difficult on the long side. On the short side it is almost impossible if you don’t work with barely legal methods. Wonder why Hindenburg ceased to exist…
Now, my market timing skills are probably as bad as anyone’s. So at least I go with the probabilities… I go long.
Yes, VTRS is on my list too, I hold only a small position.
I stop buying in a bear market, but I don’t sell. I am a mechanical stock picker and I did test short strategies for years. Just could not find anything useful, at least not with the data that is publicly available. The big short sellers operate on other levels.
Of course, during a bust everything short works as during a boom everything long works. The important thing is to find a strategy which gives you a statistical advantage, an edge. Found some in backtests but none would stand forward tests.
I start buying when my system tells me to. That can be even higher than the market is now. I don’t care for the past, I care for the future.
I avoid Swiss stocks due to the 35% withholding tax. But just before we entered the bear market I bought a lot of insurance stocks. Currently I hold those in my momentum strategy: EHTH, DGICA, BHF, ALL, UFCS and SPNT. In my dividend portfolio I hold PRU and MET.
For me it does not make sense to buy anything in a bear market and as of today we are officially in a bear market. Just lean back and wait for a turnaround, no need to bottom fish.
It’s been half a year that I think about swiss insurances (no problem with taxes). Nothing to do with the market of today. Well that might help, but atm I’m not buying anything. Actually, I might buy something because I have some USD that keep losing value. Not sure what to buy with that, though.
I made a few tweaks. Bought AMLP - I’ve been meaning to increase this position for a while and now made it my biggest position. I funded it by selling ED and GLD.
If I remember correctly someone mentioned in this post that it discusses only US stock picking, so I thought I give it my sauce I bought today some KNIN.SW and more of VOW3.DE for a fair discount.
PM crash alert: after holding out a long time in not buying PM, I capitulated and sold some MO and BTI to buy PM and equalize a little my tobacco holdings
Capitulated on CRH - sold instead of waiting for my sell price target to hit. Also sold VPL, VWO
Bought with proceeds: AEM, NEM, CNR, FMC
EDIT: also bought NET even though valuation seems too high (this is the cue for @Your_Full_Name to post a horrible fastgraphs and comment “NET, NET? you mean this NET?” and then the stock will rocket)
Goofy had PM on his radar since he started picking stocks in about 2020 and always found it just a little too expensive given its abysmal growth over the years …
It is a bit boring at the stock market front. At the moment I don’t buy because of the bear market clause in my mechanical strategies.
At least today Vista Energy announced that it had bought Petronas Argentina and the stock rocketed 13% higher. It is always beautiful when a stock rises more in one day that the entry price was. The position is now 886% in the green, nice.
Narrator: "Goofy looks at his stock picking portfolio and not only spots Altria, British American Tobacco and Imperial Brands, but also sees gems like Lockheed Martin (among other things maker of cluster bombs).
Immediately, Goofy checks the (Swissquote) ESG scores of these holdings."
Company
Environment
Social
Governance
MO
92
93
75
BTI
90
89
91
IMB
n/a
n/a
n/a
LMT
86
83
66
“‘Phew!’, Goofy sighs in relief. But he still feels a little dirty and ashamed as he checks out his worst holdings (ESG wise): Weys (a shoemaking company), Brookfield Infrastructure (a, well, infrastructure company that builds and operates critical global infrastructure networks which facilitate the movement and storage of energy, water, freight, passengers and data) and Innovative Industrial Properties (a REIT specialized in leasing greenhouses to companies that grow canabis in there).”
Company
Environment
Social
Governance
WEYS
24
17
8
BIPC
14
35
28
IIPR
13
36
29
IIPR is apparently so extremely … ethically untouchable that Goofy cannot trade it electronically via the Swissquote web interface but has to phone a Swissquote agent for any trades."
We had a tobacco company / ethics discussion earlier in this topic and I am still of the opinion that META is one of the few companies that I cannot own with my concience, but tobacco and defense are still totally fine, IMO.
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I bought today some KNIN.SW and more of 
