With Dow and S&P nearing all time highs today is everyone going to continue the ride or will some of you take some money to the sidelines?
Knowing how clever I am about market timing, the best thing for me is to do nothing.
I made 60 grand last month.
Maybe next month I'll lose it.
Not worried.
The monthly statement (paper) came in the mailbox (the one on the curb) and I opened it up and found that I made 60 grand.
Once before I die imma gonna buy me a ticket to the main event at the annual world series of poker in vegas. Most likely I loose 10 grand, but I could win 20 million. I'll be happy to break even.
And even if I loose 10 grand at least I had a seat -
Continue the ride by all means.
Though it's always moved in fits and starts, isn't the market supposed to hit new highs ongoing? Hasn't it always hit new highs, in the USA at least? There have been hundreds of new highs in the past 10 years, do you wish you'd gotten out - and when would you have "rejoined" with confidence?
I would like to liquidate a small percentage of the portfolio this year, ( maybe 1-2%) Watching the markets closely and if they rise another 3-4% will pull the trigger.
I'd consider someone who thinks they can consistently time the market "cocky." Hopefully there will always be new highs...Lots of cocky investors? Why not? Election year to elect a new queen or king. A timid Fed. Low low rates Walmart style.
I'd consider someone who thinks they can consistently time the market "cocky." Hopefully there will always be new highs...
I would like to liquidate a small percentage of the portfolio this year, ( maybe 1-2%) Watching the markets closely and if they rise another 3-4% will pull the trigger.
Can't you do this automatically by letting all dividends/distributions go to cash?
I'd consider someone who thinks they can consistently time the market "cocky." Hopefully there will always be new highs...