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Conservative debt reduction strategy
Old 05-19-2010, 02:04 PM   #1
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Conservative debt reduction strategy

I'm 48 and before 2008 my AA was 70/30. As the Dow dropped below 11000 (in 2008) I lost my nerve and rebalanced to 50/50 where I've stayed. I continued to dollar cost average, but all the way through the recent recovery I've sold taxable equities to maintain 50/50 and put the proceeds towards extra mortgage principal. I'm interested to know if anyone else is taking gains more frequently because of a basic uncertainty in the direction of the market?

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Old 05-19-2010, 02:25 PM   #2
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Nope. I invested in what I bought for the long term. If something appreciates to full valuation, I sell. Otherwise, I watch the quarterly reports and follow the industry fundamentals and don't worry about it too much.

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Old 05-19-2010, 05:32 PM   #3
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I took some gains. I sold the shares that I bought during the flash crash. I have about 1% of my portfolio in cash and all ready to invest as soon as the Greeks and Germans come to credible terms.
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Old 05-19-2010, 06:21 PM   #4
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I decided that after I'd maxed out all our tax-deferred savings options, that any extra will go to paying down our oversized mortgage. I'm happy with that decision
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