Is Sitting on the Fence the Best Investment Strategy Right Now?
Recently, a friend called me up and asked for some investment advice. He wondered if he should run for the exits, given the recent run-up in the stock market in what is now a somewhat euphoric investment climate.
My response? Yes and no.
I told my friend to take some profits off the table, but at the same time, he should also ride the stock market higher to what will likely be higher upside moves.
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