Thoughts Of A Private Investor: July 2020

Sunday, July 12, 2020

Last N of FANGMAN out

We have sold all of our NVIDIA position and no longer have any positions in the hot dominant technology stocks dubbed as "FANGMAN". After selling Apple, NVIDIA was our last stock in this category. However, it rose to price level where I felt it was no longer in touch with realities.

The last N in "FANGMAN" has currently forward P/E valuation* of 42. With that it falls short only to ridiculous valuations of the other N (Netflix) at 64 and Amazon at 85.

While the valuations of the rest are also on the rich side, they are still more reasonable:

Microsoft 34
Alphabet (Google) 28
Apple 26
Facebook 25

For the first time in a very long time, we left the proceeds as cash waiting for future opportunities.

Market overall seems a bit expensive compared to no-so-great economical situation and future projections.

*Forward P/E valuations from Finwiz.com

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