re: Any advice on fixed income?
Last year, the universal consensus was that LTB&H 100% stocks gave the best investment returns. In retrospect, if you wanted to asset-allocate into fixed income, that was the time to do it.
Now, I am hearing lots and lots of advice and discussion, about asset allocation out of stocks, into cash, fixed income, gold, anything but stocks. And, within stocks, anything but tech. This, from professionals and threads that wouldn't even consider this last year.
Last month had all-time record redemptions from stock mutual funds. Last month was the best time since October 1998 to go long stocks. They never learn.
Disclosure: my next AMAT sell target has almost been reached, and sell targets for several others, too (CMH at 15, as I see housing going the way of the stock markets). At these levels, I'm mostly holding, but slowly selling into any further strength. If NAS 2300 is reached, I'll be 40% cash.
My extended family got together last summer for my grandmother's 100th birthday. Since I'm only 42 now (retired 2 years), that means I probably have 60 more years or so to live off my investments. So, maybe I'll start buying fixed-income when I turn 95. |
