Quote:
Originally Posted by Botnst
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.
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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.