Last October through March, to maintain my target asset allocation, I shifted quite a bit into stocks. Now I recouped what I lost in the stock market last year and am making money. But my target asset allocation is now way off. Should I stop being greedy and start moving money out of stocks?
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Time To Leave the Stock Market?
- Thread starter Jack1966
- Start date
pprince
5F09C332634
It's up to you.
I diversified into rental real estate 5 years ago. Not for the faint of heart but it's been a money maker for me.
I diversified into rental real estate 5 years ago. Not for the faint of heart but it's been a money maker for me.
If one part of a portfolio recognizes some gain it is not unheard of to reallocate assets to get back in line with your suggested diversification.
Might be different answer if you were 30 years old and had a long time line to play with.
Either way, I still have a feeling this may be a sucker's rally.
Luckily, I purchased some gold when it was about $530 / ounce. Thinking of getting out of that one while the money is right instead of riding it back down.....but I don't see the dollar making any kind of strong come back anytime soon so I will probably hang on to at least some of it.
Might be different answer if you were 30 years old and had a long time line to play with.
Either way, I still have a feeling this may be a sucker's rally.
Luckily, I purchased some gold when it was about $530 / ounce. Thinking of getting out of that one while the money is right instead of riding it back down.....but I don't see the dollar making any kind of strong come back anytime soon so I will probably hang on to at least some of it.
blue65coupe
Well-Known Member
I personally think it's a sucker's market right now. I got out 3 months ago and went heavy into some bonds. When I made the call the broker asked me if I was sure I wanted to do that. I looked him in the eye and asked, "What do you think is gonna happen?" He chuckled and replied, "I'll put the order in today and we'll talk next year." I could be way off base but my gut says the real adjustment is coming.
I think the real adjustment may be ahead of us just yet.
Nothing has really changed that is going to make the dollar stronger and I fear there is a looming second "crash" in the commercial real-estate market.
That said, I bought one stock prior to the crash that I had purchased for the dividend more than anything else. At the time it was fairly cheap compared to it's history. I've still got it and I'm still collecting the dividend every quarter. It's still a little under what I bought it for but not as far under water as it used to be. My total investment is a couple of grand so I am keeping it for the dividend and sort of waiting to see what happens on the per share price.
Just wish I had bought Ford stock about the time they were bailing out GM. I considered it but didn't have the extra cash that I wanted to expose to that much risk. Sure wish I had now. First part of this year Ford was trading at less than $2 / share. Now it's running just shy of $9 / share...
Nothing has really changed that is going to make the dollar stronger and I fear there is a looming second "crash" in the commercial real-estate market.
That said, I bought one stock prior to the crash that I had purchased for the dividend more than anything else. At the time it was fairly cheap compared to it's history. I've still got it and I'm still collecting the dividend every quarter. It's still a little under what I bought it for but not as far under water as it used to be. My total investment is a couple of grand so I am keeping it for the dividend and sort of waiting to see what happens on the per share price.
Just wish I had bought Ford stock about the time they were bailing out GM. I considered it but didn't have the extra cash that I wanted to expose to that much risk. Sure wish I had now. First part of this year Ford was trading at less than $2 / share. Now it's running just shy of $9 / share...
I recommend taking all of your funds out of stocks and putting it into the Bank of Midlife. You see the missus over to the left? She's the main bank teller, and she would love to handle your money. We offer great return on investment, after Ms. BankofMidlife does her usual "handling". Oh...don't forget, there's substantial penalty for early withdrawl.
apollard
Active Member
Pulled 100% of my money out of stocks when the 0 became the presumptive nomimee. I wish I was that good at market timing, I'm not. Mom's retirement guy convinced me during a rebalance discussion of her portfolio. He never said anything about politics, just that a crash was coming, real estate was f**ked, and that the governement was going to be running up debt like hell.
On his advice, I moved everything into bonds or set return investments. My 3 year return is 17%. I sent him a thank you gift (he makes nothing off his advice to me, and not much off Mom).
Last week, I talked to him again. Same advice - ignore the temporary bump, the chickens haven't come home to roost yet. Too much debt, etc. Hell, even the Chinese are dumping our debt.
YMMV.
On his advice, I moved everything into bonds or set return investments. My 3 year return is 17%. I sent him a thank you gift (he makes nothing off his advice to me, and not much off Mom).
Last week, I talked to him again. Same advice - ignore the temporary bump, the chickens haven't come home to roost yet. Too much debt, etc. Hell, even the Chinese are dumping our debt.
YMMV.
Please don't insult me."RustyRed" said:
We offer enticing interest rates, and return on investments for each additional vict...errr..member you sign up to the Bank.
/signed/ Nunzio Ponzi.
guruatbol
Always on vacation!
I figure you can't loose money if you don't have any! Hehehehe
You should pull your money out of the stock market and put it in the link to the left that says, "send money to guruatbol"
Hehehehe
Mel
You should pull your money out of the stock market and put it in the link to the left that says, "send money to guruatbol"
Hehehehe
Mel