Last night I dreamed I was working at my old job again, receiving a regular paycheck, instead of being retired. I guess my subconscious was telling me that our 35% concentration in my company stock and stock options is too much risk. After doing the analysis last week, my conscious thinking was giving me the same caution. I am reluctant to put significant funds back into equities while we have such a large exposure to my company stock and stock options.
On Friday, the two day reversal of the four straight down days of the Dow made me bullish, a little too bullish. I was planning to add more funds to a managed account this week. After thinking about the market over the weekend, I've decided the four reasons I identified in Preparing for a Correction still are relevant. So I've decided to continue waiting for a 10% market decline before putting significant funds back into equities.
For more on New Beginnings, check back every Sunday for a new segment.
This is not financial advice. Please consult a professional advisor.
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