Just cleaned my portfolio out and sold around 90% of my ETF’s and hand picked shares. Still do have some, but this is just to keep the toe in the water. Bought some ZGLD (Gold ETF) and am currently 30% invested and 70% in cash (and growing). Same with VIAC > transfered into cash.
Do understand the logic to buy and hold and do 100% agree. But there were some special times like in the 1930’ or 1970’ were a heavy recession took place and the recovery took several years. With my age cose to 50y I don’t have 30y to wait and recover, so this is my plan B for now.
So I will sit out this year and watch the market closely. Maybe I will FOMO 10-20% during this year, but I don’t see the current heat market sustainable at all. It feels like the Bitcoin run in 2017 or the Dotcom run in 2000 - in both times the market felt invincible similar to now. And sometime it is also a good stratety trying not to lose money and fight the fear of missing out on something.