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Conservative debt reduction strategy
Old 05-19-2010, 03:04 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, 03:25 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.

"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."

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Old 05-19-2010, 06:32 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, 07:21 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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