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I am more exposed to some shares (that have done particularly well) than I would like, but cannot think of any place better to put the money at the moment.

Simply cashing out of stocks one feels over-exposed to and sitting on the cash (until one is more confident in the long-term sustainability of share prices) is a valid option that most people tend to forget exists.

(Usual disclaimer: This is not investment advice, and frankly if you're taking investment advice from some dude on the Internet then you're asking to get ripped off.)

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon May 19th, 2014 at 03:06:07 PM EST
[ Parent ]
You're NOT some dude on the internet... and yes, cashing out is an option I have, on rare occasions, exercised. If I thought we were on the cusp of a bubble now, I would do so, but that is not where I think we currently are. More likely, prolonged stagnation, low growth, periodic "corrections", occasional panics, and hard to fathom or predict rallies.  All dependent on the capricious actions of mega investment funds, not necessarily economic or business fundamentals.

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Mon May 19th, 2014 at 05:06:56 PM EST
[ Parent ]
Doesn't have to be all-or-nothing. If you bought 100 each of A, B and C at 100, and A is now 110, B is 120 and C is 150, and you think C is overvalued by 30, then you can sell 20 C and keep the 3,000 cash, if you are not confident that A and B are not overvalued (but also are not confident enough that they are overvalued to want to cash out completely).

Anyway, usual disclaimer about not giving investment advice, etc.

Personally, I'm all-cash right now, but that's because I have basically no wealth and expect to need the liquidity soon.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon May 19th, 2014 at 05:34:05 PM EST
[ Parent ]

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