TD Ameritrade strategist says lock profits in stocks and buy these sectors in 2018

by Dramelin 10:30 PM 0 comments

Figure out your tax obligations on US equity gains: strategist    7:49 PM ET Mon, 11 Dec 2017 | 02:43 Investors should pocket gains after a strong rally in major stock markets and scout bargains in the energy and technology sectors next year, a senior strategist at TD Ameritrade said Tuesday.
Equity markets have had an ebullient 2017 with the S&P 500 rising 18.
8 percent so far this year and the Nasdaq clocking a 27.
"This has been a tremendous rally, and if you`re overweight in certain sectors such as technology, your portfolio might be a little bit out of whack as to what your goals are," said JJ Kinahan, chief market strategist and managing director of TD Ameritrade, which manages $1.
16 trillion-worth of assets for its global clients.
"Bulls and bears make money and pigs get slaughtered, so taking a little money off the table might not be the worst thing in the world to do," he added.
"Put a little money in your pocket and lower the basis for the rest of your investments.