What goes up eventually comes right back down.
Hopefully not more than 20% though.
Time will tell. I’m thinking we’ll see a correction around 2020 or so.
That’s called a buying opportunity for those paying attention.
When the correction hits, you may as well have a strategy in place to protect your (ass)ets.
One of my favorite financial bloggers, Financial Sam, has published one of the most important articles I’ve read all year on his website www.FinancialSamurai.com.
If you’re up (and most of us are), perhaps it’s time to trim a little of your holdings at take some profits. It’s OK to cash in every now and then. Better sell for a profit than sell at a loss because you had to. I would suggest you sell the assets that you’ve had for greater than a year. I always go long on my investments. Don’t let the Man take more of your precious capital gains than he really needs to.
Why should you listen to me about financials?
Because my ROI is probably much higher than yours.
https://www.financialsamurai.com/how-to-make-lots-of-money-during-the-next-downturn/