Key insights
- The post discusses strategies for bear market positioning, referencing Michael Burry's bearish outlook. The author is considering selling tech and aerospace holdings to build cash reserves for buying opportunities during a potential market downturn. The question is where to store this 'dry powder', specifically within a UK S&S ISA.
So I'm sure some of you caught Burry's recent gloom and doom (probably warranted to a degree) -- so my question to those of you who believe a market crash is imminent, where are you keeping your dry powder?
My portfolio is quite diversified, but my largest gains have been in tech and aerospace, which I have no doubt is due for a correction at some point. I'm thinking of selling some to buy the dip if the market ever really starts to crash, but stored in what?
Preferably something I can keep in a S&S ISA (those in the UK will know)