Time to Sell Everything

[Thomas D.]

Well, I have always thought I was a buy and hold guy but I came to the realization after speaking with some friends in finance, investing and banking that we are at peak levels. I contracted to sell a few things this week and I'm waiting to see what happens and sit on some cash. I will keep a few paid off properties but they will be limited. Anyone see what RBS suggested to its clients ? I agree cash out time is here.

Anyone agree? I see declines ahead and a coming perfect time to buy.

[Charlie Fitzgerald]

Same old "sky is falling" scenario...things go up...things go down...people get in...people get out...people with timelines and resources long enough and large enough to ride the waves and stay put ordinarily very wealthy by doing so.  The enemy of the investor s not the boos and crashes..th enemy of the investor is making decisions based on emotions and then trying to time entry and exit to and out of a particular asset class.

The RBS article may be accurate...may be inaccurate...at the end of the day it is likely a bit of both.  My response when I read it was "Great, this too shall pass"...