Originally Posted by pb4uski
+1 When stocks tanked, my AA was screaming at me to rebalance by selling bonds and buying stocks, but I couldn't get up the courage to do so - so I just hung in there. Better than many others I knew who bailed and never got back in for the rally but not near as good as where I would be today if I had "listened" to my AA.
True. I was doing good to just hang on with all the talk about another great depression. Took a lot of good meds to do it.
As far as taking some chips off the table when the stock market is at an all time, I see nothing wrong with that. Just call it rebalancing and all is good.
But to cash completely out would be painful even if I wanted to. Painful from the tax stand point. Plus most of my stocks spit out dividends which is a component of my home brewed annuity.