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Old 12-05-2013, 06:53 AM   #21
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Dawg52's Avatar
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
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Originally Posted by pb4uski View Post
+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.

Full time wuss............
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Old 12-05-2013, 10:43 AM   #22
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Cashing all out at what one thinks is a market top is just as bad as going "all in" when one thinks is a market bottom.

One only makes a 100% bet when one is 100% sure (Kelly Criterion again). And since when does one know anything with such certainty?

"Old age is the most unexpected of all things that can happen to a man" -- Leo Tolstoy
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Old 12-05-2013, 11:12 AM   #23
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Just keeping my fingers crossed that we get a nice Santa Claus rally - or at least stay up here, into early Jan so I can do a withdrawal and rebalance with things still "happy".

That is like "taking some off the table". Especially when you are pulling a set % out of your portfolio each year. You want to take out your "raise" before you get a pay cut which would happen with a market selloff during the next year.


Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
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