Which way is this market going in 2018? (IRAs, DJIA, accounts)

[mathjak107]

until recently we had the most pessimistic bull market i think ever .

i kept saying bull markets don't end with so much pessimism . but now you have many throwing in the towel and jumping in . not a good sign . usually that means the end is near .,

[Mr. Lee]

Interesting article some of you might wish to read.
Bulls are betting this market will be the G.O.A.T. (greatest of all time)

[txgolfer130]

Originally Posted by mathjak107

until recently we had the most pessimistic bull market i think ever .

i kept saying bull markets don't end with so much pessimism . but now you have many throwing in the towel and jumping in . not a good sign . usually that means the end is near .,

Agree, like the saying goes they end with euphoria. Read some of the comments here, look at Bloomberg models & listen to the chorus of markets upside is uncapped. I'm still in, but starting to hedge.

[mathjak107]

i think the downside risk is a lot greater than the upside today .

i recently rebalanced down to the lower end of my allocation range , but i would have done that regardless anyway.

[jrkliny]

Originally Posted by mathjak107

i think the downside risk is a lot greater than the upside today .

i recently rebalanced down to the lower end of my allocation range , but i would have done that regardless anyway.

I thought you were on a "glide path" increasing your stock allocation. I guess you have finished gliding.

[PriscillaVanilla]

My IRA has zoomed upward over the past year.

[lottamoxie]

Originally Posted by mysticaltyger

As usual, Moxie and I could be quoting each other.

I've actually saved some of your posts over the last couple of years because they provide excellent advice and include fund recommendations. That's exactly the kind of info people are looking for.

[mathjak107]

Originally Posted by jrkliny

I thought you were on a "glide path" increasing your stock allocation. I guess you have finished gliding.

i hit 50% and rebalanced back to 40 . things are way high so it was time to rebalance and start again going back to 50 .

with more than 300k in gains for 2017 and the markets in my opinion having to much expectations built in , no reason not to rebalance a bit .

[jrkliny]

Originally Posted by mathjak107

i hit 50% and rebalanced back to 40 . things are way high and crazy so it was time to rebalance and start again going back to 50 .

with more than 300k in gains for 2017 and the markets in my opinion having to much expectations built in , no reason not to rebalance a bit .

So you are not following a plan, you are not following the glide path, instead you are timing the markets.

[mathjak107]

no not at all my top is 50% .you don't let it glide higher and higher forever . you let it glide to your max and rebalance it . the idea of a rising glide path is not to end up 80 years old and 80% equities . rather you set a range , glide up , hit it and rebalance . where you rebalance to is up too you .

i think downside is much higher than upside so i prefer the lower end of my rebalance points. my days of swinging for the fences are long done . i need to meet goal and that is my goal . cycling between 40-50% works great and has generated crazy amounts of money . we have been spending over 6 figures for 3 years and are hundreds of thousands higher than the day we started . works for us !