Moneymoney

Fri Feb 24, 2017, 07:18 PM

11th straight record for the Dow. Can't keep up like this, but it is exciting now.

8 replies, 198 views

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Reply 11th straight record for the Dow. Can't keep up like this, but it is exciting now. (Original post)
joefriday6 Feb 24 OP
Andronikos Feb 24 #1
Duke Lacrosse Feb 24 #2
def_con5 Feb 24 #4
Duke Lacrosse Feb 24 #5
def_con5 Feb 24 #8
def_con5 Feb 24 #3
Duke Lacrosse Feb 24 #6
def_con5 Feb 24 #7

Response to joefriday6 (Original post)

Fri Feb 24, 2017, 07:42 PM

1. No it can't

The question is: when to get out?

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Response to joefriday6 (Original post)

Fri Feb 24, 2017, 08:03 PM

2. I just turned 59. I'm heavily into US stocks, mostly blue chips. I expect one more major...

...downturn and recovery between now and when I switch from a growth strategy to income and get more conservative.

I got in heavily in 2008-2009 and have never regretted it. If it dips by 20% any time soon, I won't flinch.

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Response to Duke Lacrosse (Reply #2)

Fri Feb 24, 2017, 08:26 PM

4. Fixed income has risks too

Looks like the fed is gonna be raising rates. That will depress bond prices, however if all you want is the income, than just hold on.

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Response to def_con5 (Reply #4)

Fri Feb 24, 2017, 09:08 PM

5. I have $0 in bonds. My mom is 82 and is deep into them. Investing in them is beyond...

...my present skill set.

Yes, inflation comes to mind as a major risk for fixed income people.

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Response to Duke Lacrosse (Reply #5)

Fri Feb 24, 2017, 11:58 PM

8. If you're worried about inflation

Consider TIPS. I'm not a fan, I think a ladder strategy (bonds of different maturities) makes more sense.

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Response to joefriday6 (Original post)

Fri Feb 24, 2017, 08:21 PM

3. No kidding

Can you say over bought? Start taking profits.

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Response to def_con5 (Reply #3)

Fri Feb 24, 2017, 09:09 PM

6. ...and put the proceeds...

...where?

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Response to Duke Lacrosse (Reply #6)

Fri Feb 24, 2017, 11:55 PM

7. if you are just in stocks

And you want to stay invested, I would recommend a balanced mutual fund such as Vanguard Wellington.

If you want out, park it in a money market, etc

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Moneymoney