copyright1997reloaded
Thinks s/he gets paid by the post
Did you happen to sell stocks when you looked at your portfolio and felt like doing this: ?
Yes, but I am too timid to make major moves (% wise). Looking at my tracking spreadsheet, my % of assets in equities hit a high of 66.6% on April 27, 2007. By December 2007 I had it down to about 60%, even though equities were higher. I can still remember being in a car with some other folks from w*rk, discussing the rising stock market and property prices, and them thinking I had lost my mind because I said I was selling some stuff.
The problem was I should have gone from 67% to 30%, not 67 to 60! During the 2008/09 debacle, the % of equities continued to go down, not because I was selling, but because stocks were going down so fast. So even though I was putting money to work, it wasn't enough to offset the beating I was taking. As of recently, I'm about at the 60% mark.
The fact that I'm not at 100% (and never have been) is also part of my being able to sleep at night. The 40% is in a variety of things...inflation adjusted debt, a bit left in Penfed 6.25% CD, and unfortunately a bunch of cash. I'm just not willing to put the cash into any type of longer term fixed instrument at this point...
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