And, liquidating a portion of the portfolio to fund a downpayment on a second home is not foreseeing a bubble, moving out everything, and watching the carnage from the sideline.
It’s kind of like me saying that, yes, I missed the upcoming ’06-’10 housing crash (without adding ‘because I lost my job in ’03 and had to sell my McMansion’).
Forthrightness, FSD.
I did not liquidate and sit on the sidelines in 2000. I simply moved my funds to what I thought would be a better investment based on the relative valuation of stocks and rental real estate. What’s wrong with that ?
That said, the funds liquidated were only my non-retirement assets. My retirement accounts stayed primarily (but not close to 100%) in stocks.
I believe in porfolio balance, not putting eggs in a single basket, but that’s just me. Probably too conservative.
