I try not to look to often but this market is on fire.


Technically, I am 'rich' but for some reason, I am still very cash poor! lol!


For people still accumulating wealth, market highs are not good because you are buying into an expensive market. you really want a depressed market to buy into because you buy more units. Oh well. it looks nice on paper for sure to see such big numbers but unless you sell, you aren't really in a different place. I try not to let it get to my head because this market could easily drop like a rock.


Keep on dieseling I say!

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Ben
1987 190d 2.5Turbo

Time to sell and take profits. Go temp into money market or some other market with high liquidity. Then get back into common stocks in August.

That's my botanical opinion.

Im lazy and just let my mutuals go up and down. Over the long haul I'll be okay. Made it through 2008-2009 okay due to diversified portfolio but didn't make the profits that people with excellent nerves and timing have.

you have the benign neglect strategy! that is the best strategy to have.


people who buy and sell are doing nothing but making their brokers and the gov't richer.

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Ben
1987 190d 2.5Turbo

part of me wants to cash some chips in and buy a new car. the other part says no, let it ride.

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Ben
1987 190d 2.5Turbo

Good decision. Why would you want to trade an appreciating asset with a depreciating asset? In any event, economy 101 - spend only N% of your asset on a car, new or used. N < 5.

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Not MBZ nor A/C trained professional but a die-hard DIY and green engineer. Use the info at your own peril. Picked up 2 Infractions because of disagreements. NOW reversed.

W124 Keyless remote, PM for details. http://www.peachparts.com/shopforum/mercedes-used-parts-sale-wanted/334620-fs-w124-chasis-keyless-remote-%2450-shipped.html

1 X 2006 CDI
1 x 87 300SDL
1 x 87 300D
1 x 87 300TDT wagon
1 x 83 300D
1 x 84 190D ( 5 sp ) - All R134 converted + keyless entry.

Day trade account has been fun lately, otherwise just weather the storm with the actual investment accounts...no sense trying to play wall st with retirement accounts if you don't have to.

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TC
Current stable:
- 2004 Mazda RALLYWANKEL
- 2007 Saturn sky redline
- 2004 Explorer...under surgery.

Past: 135i, GTI, 300E, 300SD, 300SD, Stealth

someone on this forum once made a quote that stuck with me. he said 'if it flies, floats or f*&^, you don't buy it, you rent it".


they have been good words to live by.....I would not know about the last bit but the first 2/3 of it is spot on

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Ben
1987 190d 2.5Turbo

That has got to be an AKLIM quote. The guy had some great one-liners.

Yes. Others too of course.

A good friend of mine who has a lot more money than I do said something like this. "the stock market is set up for a few clever insiders to make all the money off the rest of us suckers."

So I have studiously tried to keep all my worth in things I understand....cars and buildings.

The great recession was uncomfortable but I weathered it and a load of more experienced developers went belly up.

I'm probably better off now than in 2007 but I threaded the needle financially and it was never a sure thing....surviving financially. I felt richer in 06 or 07 but I am wiser now.

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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC]

..I also have a 427 Cobra replica with an aluminum chassis.

It's awesome... But I'm thinking about converting my investments into a house.

Stock won't keep me warm and dry in winter.

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-Justin

91 560 SEC AMG - other dogs dd
01 Honda S2000 - dogs dd
07 MB ML320 CDI - dd
16 Lexus IS250 - wifes dd

it's automatic.

...and the value of a house will never go to zero.

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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC]

..I also have a 427 Cobra replica with an aluminum chassis.

Unless you're in Detroit.

Almost zero....oh yeah some did go to zero didn't they?

Perfect storm there.

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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC]

..I also have a 427 Cobra replica with an aluminum chassis.

That is smart advice, also referred to rebalancing.
Say you have 100k in stocks and bonds that are evenly balanced for your comfort level. Then stock market shoots up, you need to sell some stocks to add to your bond portfolio to return it to your comfortable level.
All it will take is J. Yellen to say two words (over exuberance), and you will see a correction in the stock market. Do not put it past her to do that, hope she is gone soon.

I agree.

Further, the more protracted this rise is, the more unstable it becomes. Perhaps it is fractal-like. A recursive phenomenon that penalizes predictability. Just guessing.