'I got totally out of tech': Suze Orman jumps into Treasurys, cash (via CNBCFastMoney)
Despite an 11% rally in the tech-heavy Nasdaq Composite so far this year, personal finance expert Suze Orman is more comfortable investing elsewhere. "Starting quite a while ago now, I got totally out of tech," Orman, the SecureSave founder, recently told CNBC's " Fast Money ." Orman's technology exposure warning applies to both individual investors and broader funds. "I am a little bit careful now going too heavily into tech at all," she said.
As of Friday's close, the Energy Select Sector SPDR Fund, which tracks the energy sector, is up four percent so far this year and 66% over the past three years. "So, I am being really conservative how I am telling people to invest right now . I think that will change in two quarters, but right now that's where I am standing," added Orman. 'I went to cash' Orman's second strategy for profits is very short-term Treasurys.
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