Investment Latest News: Resist the Urge to Purge Your Portfolio at Record Highs

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Investment Latest News: Resist the Urge to Purge Your Portfolio at Record Highs

Investment Latest News: Resist the Urge to Purge Your Portfolio at Record Highs
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Investment Latest News: Resist the Urge to Purge Your Portfolio at Record Highs

Wochit 1:14 mins

Stock blogger Josh Brown is warning investors to not go crazy based on the heights the market has been reaching lately. On his blog TheReformedBroker.com, Brown said, "People have trouble rationalizing being in the market because of where it was six months ago or five years ago. The best thing you can do to overcome that is study history." With the stock market is at all-time highs, individual investors should take the opportunity to buy or sell something, right? Not so fast says The Reformed Broker Josh Brown. Investors in funds based in the U.S. have poured $11.84 billion into stock funds, the most since late January, data from Thomson Reuters Lipper service shows. The renewed appetite for stock funds comes as stocks rose on strong U.S. jobs data and optimism heading into the corporate earnings season. Stocks closed mostly higher on Wall Street as a brief afternoon rally deflated. The last time the index had five straight gains was early May, before investors started worrying that the Fed was preparing to cut its economic stimulus.

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