(seekingalpha.com/news/3945500-advisers-love-bonds-cash-and-value-stocks-shun-growth-and-gold-bofa?mailingid=30772207&messageid=2900&serial=30772207.61340&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=30772207.61340)
Among other highlights in the survey:
1) In stocks, 78% prefer Value (IWD) (VONV) vs. 12% who like Growth (IWF) (VONG).
2) Respondents are most bullish on Healthcare (XLV), 76% bullish, Energy (XLE), 73% bullish, and Financials (XLF), 67% bullish. They are most bearish on Consumer Discretionary (XLY), 51% bearish, Real Estate (XLRE), 44% bearish, and Info Tech (XLK), 37% bearish.
Let's test the experts YTD.
IWD(value) made 1.3%...IWF(growth) 8.4%
XLV -7%...XLE -2.9%...XLF 2.2% (the most 2 bullish by the experts lost the most)
XLY 10.7...XLRE 3.3...XLK 12.7%
The advisers="experts" were 100% wrong for the above. Pretty funny. I'm sure many believe in the above too.
Comments
"Defensiveness is in style among financial advisers, according to the BofA Securities annual Global Wealth & Investment Management Survey.
Equity allocation (NYSEARCA:SPY) (QQQ) (DIA) (IWM) fell to 57% from 62% in 2022, the lowest level in the short six-year history of the survey. This time around, 372 Merrill financial advisers from around the country responded.
Exposure to bonds (TBT) (TLT) (SHY) (IEI) (HYG) (LQD) rose 3 percentage points to 27%, the highest recorded.
"These shifts may continue: 39% said they are moving more into bonds, vs. 18% for equities, consistent with the average bond allocation from sell-side strategists hitting a 10-year high," strategist Savita Subramanian wrote in the survey note Wednesday. "We see long duration bonds (and long duration growth stocks) as risky given rate sensitivity."
Cash (VMFXX) (SPAXX) allocation rose to 10% from 7%.
"Just 26% plan to buy stocks with excess cash (v. 42% last year), while 29% plan to buy bonds," Subramanian said. "30% are happy to remain in cash. Cash return/dividend strategies are most frequently requested by clients (82%). We concur. We also prefer companies with self-funded growth (cash flow generators) to those that need to borrow to grow.""
FWIW.
BTW, how about discussing the topic?
Please! I can’t tolerate CNBC. Geez - A bunch of old farts displaying cheap looking hair pieces. At least the women on Bloomberg look fine - even if the investment advice no more useful.
FWIW in his original post the address shown was highlighted and a simple click should have taken one to the article. I don't know what he's done to it since because it is no longer highlighted. Maybe it's just my Mac messing with me.
Then I read the OP.
After which, my only thought was/is:
I thought Roseanne Roseannadanna passed away a long time ago.
I see that the OP has also posted the same link (sic) on another forum and has been met with similar criticisms there.
OK, so I actually had/have two thoughts:
"You can't stop him. You can only hope to contain him."
Or in the case of Roseanne, her.
“To try and fail is better than not having tried at all.”
This (chart) since March 8th shows that IWF=growth continues to outperform IWD=value by more than 9% since and GLD did pretty well at 10+%
YTD: IWF leads by "only" 16.5% (chart).
Prognosticators' market predictions are often incorrect.
“It’s hard to make predictions, especially about the future.”
- Yogi Berra
FD, you clearly did not understand my post, but you came out trolling and swinging regardless, as is your nature and general level of comprehension.
My post was NOT about your OP comments about this topic. It was in relation to the criticisms you received for it here and elsewhere.
So again, from that perspective, like I said, I thought Roseanne Roseannadanna passed away a long time ago.
(As you were not allegedly living in the US during her time, you might want to research her a bit to perhaps, I dunno, maybe get to first base in understanding my drift.)
As for the tech rally, we happen to have our 2023 stock sleeve heavily slanted to growth and tech, and hold a LARGE position in FSELX. So we are actually actively participating in the HUGE 2023 "tech rally" that you are only watching from the sidelines while reportedly fully hunkered down in MMkt funds.
BTW, I'm starting to feel genuine sorrow for your family. And I consider that a big step on my part.
FD: Your usual, I post about investments and you troll my thread and attack me personally. After years that you claimed I don't have a clue, would never retire, and would never make it in retirement, the opposite is true. I retired years ago in 2018. Our portfolio size grew from 25+ times our expenses to close to 50 times, not including SS. All documented (here). We keep spending money on weeks of travel around the world, restaurants, and a new vehicle and are extremely busy. Life is good, no need to feel sorrow, unless you are talking about yourself.