Vanguard Lifestrategy - should I cash in my "gain"?

TBC15

Stay invested, keep with the program.

TBC15

Alexland wrote: »

I was once at a casino for a stag do and won big within the first 15 mins. I was sober enough to realise there was no point continuing so it kinda ruined the night for me.

Alex

How did your future wife take it?

Alexland

It wasn't my stag do - that was an experience I'd rather not talk about...

PuzzledDave

Murmansk wrote: »

I'm aware that the advice generally is to keep your cash in for years on end, not keep looking at the value of it, benefit from compound interest, etc but I can see the logic of this suggestion and I wonder what people think?

Couple of thoughts:

"The market has had some crazy gains, probably best to cash a fair chunk out now whilst the going is good".

-- Me in 2013, am very glad I didn't listen to myself !


"The market is as high as it is going to go, best to sell my home now and rent - then get back in after the crash".

-- House Price Crash folks in ~2002.... they are still waiting and will never make back their losses.

Alexland

But on the other hand Robert Schiller has done an excellent job, over many decades, of identifying rational market values and demonstrating the mismatch between escalating share prices and future earnings results. Jack Bogle has so far always been right about reversion to the mean - how high P/Es eventually drop back to the long term average.

I haven't seen the House Price Crash folks win their Nobel Prize or been proved consistently correct in all market conditions yet... so let's try and learn from experts not 'experts'.

Ray_Singh-Blue

Fatbritabroad wrote: »

Assuming you pay into a workplace pension you probably dont even look at this year to year and whether it goes up or down you don't cash it out everytime the market drops. So why would you do anything different with your s and s isa

Because except in a few special situations, you can't spend your pension until you old enough. Whereas you could blow your ISA on a Lambo / Audi / Fish Dinner* tomorrow.

*adjust according to number of zeros