Name: Nvidia at highs. Equifax at new lows. Let's discuss. by CodyWillard
Duration: 5 min 18 s
Description: Nvidia at highs. Equifax at new lows. Let's discuss.

Cody: Howdy folks, let's rock n roll. 

Q. As you know, I'm in technology sales, Cody. The mood out here is Silicon Valley is getting a little more somber. Don't know if you've heard that or not. The VC's are starting to be stingier with next rounds of funding, company spending, profitability...there are starting to be some reductions in force (layoffs) as well. I see you are moving a little more to the safe side. Any thought on this phenomenon and might this be the canary in the coalmine for high beta, low revenue growth stocks?

A. "Mood" is a tough thing to gauge, but as bubbled up as we've been in the tech world, a little bit of somber and worry in Silicon Valley would probably be a good thing. I do think the bubble in tech is far from over and that there might be much more upside in social networking and Twitter and Facebook, but I do think you want to be more selective now and less aggressive now than we were back in 2010-2013 or so.

Cody: This just came through on Scutify from a very successful VC dude about Silicon Valley's mood: '@CodyWillard We definitely felt it a month ago.... Just a general "check yo self before u wreck yo self" consensus moment.... *Not however about valuation but about burn rates...anecdotes of competitive spending reminding some of 2000. Overall though the startup/app market is robust. We just raised a bunch for an app coming next month, and our first Angel almost has too much money.... Early innings still and the "somberness" is healthy. No one, founders and angels alike wants to be an idiot.'

Comment: That's what I'm seeing too, Cody. Wanted to flag that for you. Burn rates are under scrutiny, manpower buildouts are being pulled back, travel policies being revised...

Q. Are you putting money into non-tech investments or are you keeping cash to invest at the bottom? If there is a serious downturn in the future does it make sense to stay in cash waiting for a good entry point or to try high quality bonds?

A. I've no idea if and when the "serious downturn in the future" will happen, and I'm not going to try to time it perfectly. Just ebb and flow. Scale in with tranches. Raise cash levels slowly when markets are at all-time highs. Same as usual stuff. I might get outright bearish again like I was in 2008, but for now, just being a bit more defensive. Remember that you're not in the same risk profile as I am and you don't have a http://Scutify.com Social Network company that is accounting for a growing part of your assets as it grows. As the largest shareholder of Scutify's parent company, I'm much more exposed to tech right now than I've ever been in my life no matter what I do with my stock portfolio and more levered to tech than probably anybody here reading this.

Comment: Thank you very much for your help. I do have my non-home assets in tech however. I need for it to grow steadily but not explosively over the next 20 years as I need to leave money behind for a child who won't be able to care for herself.

Q. What new direction out of Technology, Cody?

A. Cash for now, just ebbing as the markets flow. Added some Whole Foods recently too. No rush into anything new.

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Nvidia at highs. Equifax at new lows. Let's discuss.

CodyWillard

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