This stock market correction has shaken things up, and when we come out of corrections it is often a fresh set of leaders that takes the market higher.
The last two months I’ve made many changes to my portfolios, including selling 9 stocks and buying 12 new ones. It’s a new market we are in now, and here’s my gameplan:
- Outside the US, world economies are having a tough time, thus I sold many International stocks and all the Chinese ones.
- Investors are jittery, so certainty and consistency will be in demand. I have become a collector of quality stocks and am buying them when they pullback.
- The strong dollar hurts US companies selling abroad. Newer companies that sell in the USA should prosper, and I have purchased some of these and highlighted them below.
The full list of my portfolio additions and deletions is on the back page.