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Originally Posted by recycled sixtie
Seeing that nobody can time the market right this is one way to do it. As there is dollar cost averaging when you buy stocks then you can do the opposite and sell on the same basis of dollar cost averaging. Sell a bit each month. Rebalancing into bonds, cash etc is a good way to go due to the elevated stock market.
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This is good really good advice.
I have oft said you have to play the game like the music will never stop. It would be wise to hedge with gold and silver. Have some land where you can grow fruits, vegetables and some chickens. Along with some guns and ammo. That is about it. Investing money in anything either has no ROI and or is fraught with risk.
I get dismayed when I hear the banter that everything is swell and should I do this or that. What is being missed in the equation is the risk in virtually anything you invest in is off the charts. The very fundlementals of the fiscal and monetary system is being manipulated beyond creduality. All in a life support effort for a moribund economic system. You have to be aware of the risk and consider that you are going to be lucky to get out with your skin.
This has been my message and then I explain how and why it is so. I have been following the economy equities and bonds for 30 over years. After that much time you get to know how the beast reacts and its behavior patterns which has a predictive quality.