Why I’ve Been Selling Some Stock

“Bull markets are like sex.  It feels best right before it ends.” – Warren Buffett (I believe this was originally said by Barton Biggs)

I was bored the other day and started pulling up charts of the Dow Jones Industrial Average on my phone.   1 week.  1 month.  1 year.  2 years.  etc.  They all pretty much look like the 1 year chart above.

For the last week I’ve been selling some stock on the theory that the markets currently feel … well, really good.  I mean, REALLY good.

Everyday I sell a little bit.  Then the market continues to go up, and I feel like a complete idiot for selling anything.  The next day the process is repeated.

I still hold some investments, but I sleep better with some cash on the sidelines.

That’s it.  No technical analysis.  No fundamental analysis.

I just want some cash so I sleep better at night.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s