re: Dow 23K soon

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Maybe. I was told just put it in and forget it. And I have luckily

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Historically that strategy has been effective for people until they start to get near retirement age.

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Just seeing lots of ppl saying protect profits and wondering if this historic run was a good time to do that.

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You said you were 43 probalby retire what 60-65? The set it and forget it argument is this

If you were 43 in 2007 and kept your money in your account you'd still be ahead today in 2017 at age 53 after the worst financial crisis in a long time.

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saying protect profits

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In order to protect profits, you have to sacrifice potential profits.

If you sold Boeing at its 52 week high back in ~May(?) you'd be watching it soar even higher now in October. Conversely, look at all the stocks who have 52 week highs that aren't today meaning they have fallen since then.


The answer again comes down to, at what point do you decide "I'm happy with having made this much and want to protect myself"


Just keep in mind that if you protect yourself at 43 and markets go up next 3-4 years, you will can afford less than you did before