For our investments, I'm still expecting a downward correction, which hasn't materialized for almost 2 years. So we are in a tentative hold position, selling a few stocks with gains, buying a few depressed stocks but keeping the amount of funds in equities about the same.
To me, 2013 still feels a lot like 2007, when the market peaked. I still feel the pain of the 08/09 stock market decline. So for now, we're holding much more cash in our investment and retirement accounts than in 2007-2009, just in case the market drops.
For more on The Practice of Personal Finance, check back every Wednesday for a new segment.
This is not financial or investment advice. Please consult a professional advisor.
Copyright © 2013 Achievement Catalyst, LLC
Wednesday, December 18, 2013
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1 comment:
2013 has been a great year in the market generally. A lot of businesses got an all time high period this year. I just can't wait for the new year and it's new challenges.
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