I'm thinking about selling the last of my stock funds.
Every good thing has to end sooner or later. This bull run has done quite well for me. We were down yesterday 86 and another 60 today. The problem with stock funds is that they don't cast off much income unless they're junk bond funds. Unfortunately, the junk funds are now yielding much less than they were at the start of the year. I sold some stuff yesterday and will continue today. It's time to take the pause that refreshes. Anyone else feel the same way?
That's all folks! I got rid of the last fund I owned, Fidelity C. & Inc. It tracks the S&P with about a 70% correlation so the NAV at the close shouldn't be too bad. I want to end the year as a winner. The exchange traded debt issues shouldn't fall as much and the interest payments will continue. When I was in my 20s I visited Las Vegas for the first time. After about 15 minutes playing Black Jack and being up and down a lot I thought wouldn't it be greater to leave Las Vegas a winner. I l'd be lying if I told you I left with a pot of dough, but even the $20 made me feel good. Good luck to all.
I'm going to end this year with the best performance ever. And who says this? Not me, but Vanguard does. I went to their website and clicked on the performance page of my account. This is the page where vanguard calculates your personal average performance for 1, 3, and 5 year periods. As of the close yesterday the results for 1 year: 43.7%; 3 years, 6.9% and 5 years, 8.6%. Now what I'm really proud of is the 5 year average since it puts me in the top 5% of all mutual fund managers. Parenthetically, Vanguard did have 3 funds that beat me over the 5 year period and they were the Energy, Emerging Market, and Precious Metal Funds. I plan to do very little in the remaining 6 weeks in the year so I don't screw up my performance.
You have one smart Grandmother. Seriously, I have had the best year ever and I want to protect what I've achieved. I don't know when the next correction will get here, but I would rather experience opportunity costs rather than real costs.