I hesitated cashing out, or if it's even wise to do so. I have a feeling we'll have the mother of all bears on such bubbly market so dunno if the "hold through the dips" strategy applies. If you reallocate, to what instruments?
Here4money, How old are you? If you are young, less than 55, Hold and Keep on Buying. Retire at 65 If you are older, greater than 60, Exit the market. Go 50% Market and 50% Bonds. Retire at 65. If you have a million in your account. Exit the market. All in all, I am definitely staying in the market. And definitely buying more. If it goes to 1000.00, I am definitely buying more. Nothing changes, me or you know what the market will do. In a nutshell...... LONG AND STRONG, Go to the Moon. KEEP BUYING and don't ever stop.
fan27, That is some horrible advice to tell someone who has a 401K. 401K is not for bullshitting monkeying ass around. Stop bullshitting man.
RedDuke, You are 1000% correct that is what I am saying. With a big ass smile on my face as well and dancing as I hit the buy button. Hoping it goes to 500 so I can buy more too. I probably get a 2nd job, just to buy more working nights or something. Whole pay check just to buy S&P 500 index. Dancing everyday at work.