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I just did something I have never done before.....SOLD a vast amount of the investments in my IRA.
Then a week later:
Quote:
Originally Posted by craigiri
Just saying....if you are not in for the long run (in my case, I am with a certain lower percentage of my investments), then the end of September into Oct is a decent time to take profits
Dumping the majority of your IRA, but you are "in it for the long run" and you think people should take profits in the fall?
Would you be interested in an indicator with more 100 years of history, an excellent record at calling multi-generational tops in the U.S. stock market, and which has just flashed only its sixth sell signal since 1895?
...
The “Sound Advice Risk Indicator” is a different story. This indicator, the brainchild of Gray Cardiff, editor of the Sound Advice newsletter, is derived from the ratio of the S&P 500 SPX, +0.40% to the median price of a new U.S. house. For the first time since the late 1990s, and for only the sixth time since 1895, this indicator has risen above the 2.0 level that represents a major sell signal for equities. (See accompanying chart.)
To be sure, Cardiff is quick to emphasize, his risk indicator is not a short-term market timing tool. In the wake of past occasions when it rose above 2.0, for example, equities stayed high or even continued rising “for many months, sometimes even a couple of years.” However, he continues, “in all cases, a major decline or crash followed, pulling down stock prices by 50% or more.”
Location: Was Midvalley Oregon; Now Eastside Seattle area
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I bought/rolled to new Market insurance this month. Old insurance was expiring in Nov 2018.
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