REWahoo
Give me a museum and I'll fill it. (Picasso) Give
I hate it when W2R whees in public...
Folks have been re-balancing out of equities, right? Right?Eh. Frankly we seem to be overdue for a correction. No biggie.
I'll have to forward your question to the folks who manage my Wellesley and Wellington funds...Folks have been re-balancing out of equities, right? Right?
Folks have been re-balancing out of equities, right? Right?
You never know. Gas prices are coming down and I didn't buy into oil this time around....
But is the pool of money from retail buyers enough to push things higher? I don't have any figures on this sort of thing.I have been rebalancing and deconcentrating, but I think the vast majority of the retail rubes have yet to jump into the equity pool.
But is the pool of money from retail buyers enough to push things higher? I don't have any figures on this sort of thing.
My gut feeling is that we are OK through at least January. Many will look at the missed opportunities in 2013 and push more money over into equities. But again, is that really enough to pump the market up? Maybe so baring major shocks like geopolitical ones or major trading partners getting is trouble.
Here is your chance. Ask them if they are going to buy a bit soon.At my office too many of the folks pulled out of the market at the beginning of the gov'ment shut down... Now they're regretting it.
Unless you are selling stock into this rise, I cannot see how you can personally benefit from what will soon be seen a bubble like all other bubbles, and soon to be more than reversed.It is interesting to me how divorced the market has become from personal economic lives. It used to be that bad economic news like companies laying off people, high unemployment, slow job growth would bring the market down. Now those are seen as "good" things as the market seems to feel that these things will keep the current government stimulus going, and this keep money flowing into the market. While I personally benefit from this,it does not bode well for peoples lives. It makes one wonder if there will be a slow glide down or a steep fall off a cliff when this music stops.
I have been rebalancing and deconcentrating, but I think the vast majority of the retail rubes have yet to jump into the equity pool.
My rebalance plan has been to not go above 65% and I sold 1% yesterday to get back to that. I do not rebalance when the market goes down....(snip)...Stock AA was 70%, but has been headed towards 65%. Is that market timing or tactical AA allocation? Or is it just being chicken?
If I can sustain 3.5%WR, I will be content. Of course, I still like to make more money. It's the way to gauge if your reading of history is correct, as it is unfolding before you. However, I do not, and never, swing for the fence.On a personal level we all have to deal with greed and fear. I'm considering reducing the equities even further as the portfolio goes beyond where the risk is warranted to have the spending levels we would like.