| | | Time to let our stock market position profits run, as the market continues to move higher?
That is the question...it is a rather perplexing one...
Here are my mixed thoughts : nobody ever went broke taking profits, one should sell when everyone else is buying, sell into strength, if you are at critical mass you should protect it to preserve your position, or if you are at critical mass why should you be in the market, after five years of rising a rising market you should take / preserve your hard earned profits, markets crash occasionally, this boom will not go on forever and will inevitably be followed by a bust, this is the third longest bull market in history, central banks are raising asset prices and interest rates near historical lows, the fourth quarter will be probably be strong for the market, what happens when the federal reserve stops QE in the fall?
Let's remember BB has made one or two sell calls over the past thirty years. As a "market timer" every call made in late 2007 / 2008 leading into the financial crisis was completely wrong. He currently talks about markets being at all time highs and investor complacency but yet is still fully invested...an interesting dichotomy. Can someone please explain this to me?
Currently, I am at 77% equities, 23% cash and bonds.
I am looking to exit by the end of the year.
Hopefully, not too much happens btw now and then.
MGJ |
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