I discussed the current market conditions yesterday but thought it would be worth documenting changes in my porfolio and the concentration in it.
Before yesterday, I held Amazon, Meta, Vanguard US 500, MSFT, BRK.A and BRK.B in my main portfolio. The concentration of which would scare most people with AMZN being the biggest holding followed by Microsoft, then Berkshire and Meta last.
Holding Amazon, Meta and Microsoft means pretty hefty exposure to the Magnificent 7, so I traded the position of MSFT and increased my position in Berkshire with the proceeds. So I am now really only down to 3 stocks and a tracker fund (AMZN, META, BRK). I am pretty happy with this position in the current market and depending on the next few quarters earnings might sell out of META, but I am up quite a bit on it so think I will keep it in the porfolio.
I am a big fan of AI and think it will revolutionise many industries but having all my eggs in the AI basket seemed a little rash. Although many people think about Amazon as a retailer, it is now a retailer, tech provider and entertainment business so within the operating company there is quite a bit of diversification.
Tech focus has served me well, but I think there is likely to be a bumpy economy and expectations/investment into AI could have some short term blips. Warren Buffett on the other hand is sitting on record amount of cash and T-bills and has a pretty tech light portfolio (excluding a few holdings like Apple).
My portfolio was down about 15% from the highs after the election and most of that drop has happened in the last week or two, so time to don the hard hats and see where the markets go over the coming months.
Kevin Dorren 
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