Suze Orman remains conservative with her investments, avoids technology and buys Treasuries
Despite an 11% rise in the tech-heavy Nasdaq Composite so far this year, personal finance expert Suze Orman is more comfortable investing elsewhere. “I’ve been totally out of tech for a while now,” Orman, the founder of SecureSave, told CNBC’s “Fast Money” recently. Orman’s tech exposure warning applies to both individual investors and broader funds. “I’m a little careful now about getting too into tech,” she said. “And the total stock index funds and SPDRs, their top holdings are all technology.” However, it would not cash in on another winning sector: energy. “I’m still a big believer in energy stocks,” Orman said. XLE 1Y mountain Energy shares, 1 year Admittedly, too early in the call, it recommended investors to get into energy in March 2020. At Friday’s close, the Energy Select Sector SPDR fund, which tracks the sector energy, is up 4%. so far this year and 66% over the past three years. “So I’m being really careful in how I tell people to invest right now. I think that will change in two quarters, but right now that’s where I stand,” added Orman. “I went to cash” Orman’s second profit strategy is very short-term Treasuries. “I went in cash and almost 80% of my wealth, in addition to being in municipal bonds, is 3-6 month Treasury bills. interest would increase, I can roll it up,” Orman said. “Don’t go further than 6 months. And I certainly wouldn’t be in bills past June or July because I want to see what’s going to happen with this debt crisis that we’re in.”
