August 3, 2016
Stock Market Highs

What to do during Stock Market Highs

Both the DOW Jones Industrial Average and S&P 500 have reached all time highs in recent weeks, which may have sent your stocks skyrocketing, but as we’ve seen in the past, the stock market highs and lows are anybody’s guess. In May of 2000, the S&P closed at 1,537 and then just over two years later bottomed out to 777. As the markets recovered, we saw yet another big gain in October of 2007; only to watch the bubble burst yet again a year and half later when the S&P closed at 677. Now with closing numbers over 2100 being recorded in July of this year, you may be asking yourself what should I do?   Review and rebalance your portfolio With the markets at an all time high, the first thing you to assess is, where you are in your retirement? If you’re still 15-20 years away, you may want to rebalance and forget about it or you may want to sit still and hold on tight. However, if you’re creeping into the 5-10 year range, it may be time to pull back a little. For example, let’s say you’ve got 80% invested in stocks, now may be a good […]