Onion, you're an income guy! Not a gains guy. You make your real gains with job income and commish, and then bank it vs gamble it. Probably live like a buddhist monk.
You want names? Nah, you should probably go toward ETFS and play the macro trends. Names have extra risk.
You could just keep doing what you are doing, and just watch the market and pull out when the Fed starts raising rates, wait for the resulting correction/crash, and then buy everything back, maybe with an emphsis on ETFs at a 20-50 % discount at the trough..
Its all about the Fed, and the Fed will need to start removing accomodation this year, is my guess
The market is like an apparently insane driver, if he sees danger ahead in the road, he laughs and accelerates into it to enjoy the resulting thrill of the obviously coming horrific crash. To you and I the driver appears insane! but he knows he is immortal and will rise out of the ashes of the crash to live and race again.
You learn to ride with the driver and jump out right before impact.
I think you gave the best answer, based on my portfolio structure now
As soon as I get evidence that rates are going up I will bail on all my REITS
All predictions are pointing to the bond and mbs buying ending in early 2014.
If rates rise a bit we should get a widening of the spread before short term rates come up which expectations are around mid 2015.
Keeping my fingers crossed, but the sector may come out of the mess in good shape.
Nope you have a safe ejection seat, which you trigger by simply pushing the sell button, or buying puts. You might get bruised a bit ( cap gains tax, put cost) but you basically get out intact. Relax for a while until the driver gets a new car and then hop on for the next joy ride.