With help like this, who needs enemies (from my Yahoo home page)?
"
If you haven’t asked this question, you will. Is it time to take your chips off the table? With the major stock market indexes close to all-time highs, now seems as good a time as any to walk away from the table, especially if you are back to where you were in 2008.
The answer truly depends on your personal circumstances, but also on who you ask. To be fair, it’s not quite like the old joke about asking five economists for an opinion and getting six answers, but it’s pretty darn close. In fact, the experts we spoke with offered up recommendations ranging from sell everything to do nothing. Here’s a recap of their advice.
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Retirees and stocks: Sell now or hold on? - Robert Powell's Retirement Portfolio - MarketWatch
Reminds me of why I went DIY. The main things I remember hearing when I started were:
"This guy made the mistake of hanging on to his winners too long."
and
"This guy made the mistake of not hanging on to his winners long enough."
And the same thing for hanging on to losers. Clearly this is no advice at all.
And here we thought it was so simple!
"
If you haven’t asked this question, you will. Is it time to take your chips off the table? With the major stock market indexes close to all-time highs, now seems as good a time as any to walk away from the table, especially if you are back to where you were in 2008.
The answer truly depends on your personal circumstances, but also on who you ask. To be fair, it’s not quite like the old joke about asking five economists for an opinion and getting six answers, but it’s pretty darn close. In fact, the experts we spoke with offered up recommendations ranging from sell everything to do nothing. Here’s a recap of their advice.
"
Retirees and stocks: Sell now or hold on? - Robert Powell's Retirement Portfolio - MarketWatch
Reminds me of why I went DIY. The main things I remember hearing when I started were:
"This guy made the mistake of hanging on to his winners too long."
and
"This guy made the mistake of not hanging on to his winners long enough."
And the same thing for hanging on to losers. Clearly this is no advice at all.
And here we thought it was so simple!