05-09-2014, 02:00 PM
(05-09-2014, 11:37 AM)EricL Wrote: However, in situations where a position has become obviously grossly overvalued I think its prudent to trim back and put the money to work elsewhere. Finally, if I'm relying on my investments for income in retirement, I think its good to spread out the risk and would probably be more active in keeping things somewhat in balance.
Seems like your statement is at odds with your end goal: "relying on my investments for income in retirement". By selling you loose the income the stock generates and then have to find a replacement that will be just as good.