Despite an 11% rally in the tech-heavy Nasdaq Composite this year, personal finance expert Suze Orman is more comfortable investing elsewhere. “Since a while ago, I’ve been completely out of technology,” Orman, founder of SecureSave, recently told CNBC’s “Fast Money.” Orman’s technology exposure warning applies to both individual investors and broader funds. “I’m a little wary of going all-in on technology right now,” she said. “And general stock market index funds, and SPDRs, their top holdings are all technology.” However, it will not withdraw money from another winning sector, energy. “I’m still a big believer in energy reserves,” Orman said. XLE 1Y Mountain Energy shares, 1-year ahead of the call, suggested investors should add energy to the March 2020 stock. By late Friday, the Energy Select Sector SPDR fund, which tracks the energy sector, was up four percent. So far this year and 66% in the last three years. “So I’m conservative in telling people to invest right now. I think that will change in two quarters, but right now that’s where I stand,” Orman added. ‘I went for cash’ Orman’s second profitable strategy is very short-term Treasurys. “I went to get money and 80% of my assets, in addition to municipal bonds, are 3- to 6-month Treasury bills. I put it short just because interest rates could go up. Up,” Orman said. “Don’t go out more than 6-months. And I’m definitely not going to be in bills that go through June or July because I want to see what happens with this debt crisis that we’re in.”
