Financial Thread

[SpokaneCY]

With the market back near all time highs, does anyone think its time to sell some stuff off? I ask this as politicians are about ready to take on tax reform. From what I have read, the market is expecting a big tax break for businesses and that this is already priced in to the market. This is evidence by the big uptick in the market on the same days he released is tax plan. I guess part of me is expecting that any tax reform is not going to be as good as advertised and as a result, you will see a drop in the market as a result.

Thoughts on this?

You would hate to miss out on the continuing rally (someone mentioned earlier the largest gains occur just a handful of times a year). We're in a larger cash position than normal on our advisor's recommendation but he is more interested in identifying great buying opportunities rather than go too defensive. Different side of the same coin, but the nuance is important.

 

[SCNCY]

You would hate to miss out on the continuing rally (someone mentioned earlier the largest gains occur just a handful of times a year). We're in a larger cash position than normal on our advisor's recommendation but he is more interested in identifying great buying opportunities rather than go too defensive. Different side of the same coin, but the nuance is important.

Of course I would hate to miss out on money. But I think the time to sell some of my stocks is now. I have an IRA and a 401K. I got my IRA when I moved to a different company about 3 years ago. At the time, and until recently, my IRA was where most of my money was at. But today, my 401K is growing more than my IRA and will have more assets in it soon. As a result, I am looking at re-balancing my IRA so that there is less overlap between my IRA and 401K. I'd like to do that at a time when the stock market is at a high so I can sell high.