The current issue of Fortune magazine contains an excellent article entitled, "Five Reasons the Market Must Fall." The article asks, "Aren't shares expensive? Just how long can the market fend off Fed tapering, polar vortexes, and Cold War style tension with Russia before a major sell-off becomes inevitable?" The article then continues with five reasons why this long-in-the tooth market "should" go down. Then Fortune asks -- what should you do? If you're an average investor, not much. Stick with the basics: keep a diversified portfolio of low-fee funds, and put money in it at regular intervals. The article ends with the sentence: "Get ready for gravity."
In the dozens of advisories that I read, I seem to be the only one who suggests stepping aside and watching the show.
Note -- since WWII, the average bull market has lasted 4 1/2 years, and this one just turned five. Only three of ... Log in or subscribe to continue reading.
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