Selling everything when the market reaches a new all time high

Ray_Singh-Blue

You guys take it to a whole 'nother level. Although Pincher I was indeed following your earlier advice about only selling half. To quote Harry Markovitch:

"I visualized my grief if the stock market went way up and I wasn't in it - or if it went way down and I was completely in it. My intention was to minimize my future regret"

I appreciate he was talking about top level asset allocation rather than having the occasional flutter, but hey.

So I had 808 units. Now I have 813 units. It's not much of a difference, but had I simply done nothing as forum wisdom dictates, I'd still have 808 units.

Feel kinda sullied, but what can a guy do?

Pincher

With funds, you can end up with 813.0369 units so easily.

If you believe HSBC, Chinese people like the number 8 a lot.

888 units, that looks neat, too.

economic

the bull market continues and there is no reason to sell yet. seen a lot of comments elsewhere saying sell on the trump inauguration. but what do they know that others dont? i just dont see why you would sell now. we could be on a multi decade major bull market in US stocks.

EdGasket

Inflation with low interest rates would also drive up stocks.

economic

EdGasket wrote: »

Inflation with low interest rates would also drive up stocks.

actually hsitorically higher interest rates is correlated with higher stok returns.

rates are moving higher so another reason not to sell yet. this is by no means a stock bubble. no sense to sell now.

Pincher

Sell some when it's high, buy some when it's low.

There is no I'm so macho because I sold at the peak.
It's much easier to sell on the run up to the peak.
At the peak, everybody is taking the money and running.

economic

Pincher wrote: »

Sell some when it's high, buy some when it's low.

There is no I'm so macho because I sold at the peak.
It's much easier to sell on the run up to the peak.
At the peak, everybody is taking the money and running.

but how do you know its the peak without hindsight? you could have said the same thing so many times in the current bul market and missed double digit % returns.

Superscrooge

Interesting article regarding whether to sell when markets reach an all time high

http://awealthofcommonsense.com/2016/11/dont-be-afraid-of-all-time-highs-in-the-stock-market/

Glen_Clark

economic wrote: »

actually hsitorically higher interest rates is correlated with higher stok returns.

higher interest rates is correlated with higher cash returns too

Pincher

economic wrote: »

but how do you know its the peak without hindsight? you could have said the same thing so many times in the current bul market and missed double digit % returns.

I don't like selling at the peak, because NOBODY is buying.
Then everybody is trying to get out. In fact, only a few months ago, property funds shut the door on investors trying to redeem and run.

You know how much you bought at, so you know perfectly well when you have made money.

It's simply the reverse of drip feeding.
You can drip profit take.

It's like a marriage. The husband gets a boner, and the wife has to accommodate it. With stock, the chart gets a boner, and I profit take.

I can't demand the delivery courier not to ring when I'm sitting on the toilet, which seems to happen EVERY TIME. I can't demand shares don't go up when I'm skiing in the ALPs. I CAN sell "some" when I know I've made some money. Well, I don't sell when it pushes me over the tax threshold, which is my problem right now.