It's Time To Sell, Not Buy, Says Bond manager Mark Kiesel

[Account Closed]

Hey, I only report what he says ;-) But you know, "things are different this time". Lol

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Investor Who Called Housing Top and Bottom Says It's Time to Sell

https://finance.yahoo.com/news...

Home sales contracts, a leading indicator, fell for the fifth consecutive month in March as rising borrowing costs added to affordability pressures, the National Association of Realtors reported on Wednesday.

Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.

Sky-high values, soaring interest rates and other costs of homeownership -- maintenance, property taxes and utilities -- dampen prospects for future appreciation, according to Kiesel, chief investment officer for global credit at Pacific Investment Management Co. He’s weighing putting his Orange County house on the market and becoming a renter rather than an owner.

“I can look at my long-term 25-year charts and they tell me when to buy and sell and they’re flashing orange right now,” Kiesel, 52, said during an interview at Pimco’s Newport Beach, California, headquarters. “I think we’re in the final innings.”

[Theresa Harris]

Quote from @Jay Hinrichs:

its Ok to take some chips off the table if you so desire.  this is very much age dependent also.  IE do you want to start spending your kids inheritances on life experiences travel etc.  maybe take that cruise around the world that cost 100k for a couple.. 

 I see your retirement money as just that, your money.  It isn't your kids' inheritance and yes I told my mom exactly that, you earned that money, spend it how you want.