younginvestor2013
Recycles dryer sheets
- Joined
- Feb 6, 2013
- Messages
- 226
I'm curious if anyone has contemplated or carried out a small liquidation of their portfolio (not talking huge amounts, maybe 5% or 10% max) because the market is high to "lock in" some gains? With the intent to use the funds to pay down a mortgage a bit, for large capital expenditures, to increase their rainy day fund, etc?
Of course, this is all predicated on the viewpoint that there will be a correction, or values will decline. I know this is, in essence, timing the market, so not looking for any lectures on that. I am not a market timer, and would classify this is more of a soft-market timer (if that phrase exists! ).
If you have done this or have contemplated it, I am curious to hear your strategies or why you did so.
Seeing my values rise quite significantly over the past 6 - 12 months has been great, of course. I am 28, and have a long horizon, so I'm enjoying the investment returns. But I've been thinking lately if I should liquidate a portion to pay down my mortgage a bit, take a cool trip, purchase a rental place, etc.
Of course, this is all predicated on the viewpoint that there will be a correction, or values will decline. I know this is, in essence, timing the market, so not looking for any lectures on that. I am not a market timer, and would classify this is more of a soft-market timer (if that phrase exists! ).
If you have done this or have contemplated it, I am curious to hear your strategies or why you did so.
Seeing my values rise quite significantly over the past 6 - 12 months has been great, of course. I am 28, and have a long horizon, so I'm enjoying the investment returns. But I've been thinking lately if I should liquidate a portion to pay down my mortgage a bit, take a cool trip, purchase a rental place, etc.