(03-01-2014, 09:07 PM)hendi_alex Wrote: NAV is in all time territory. Am accumulating cash to protect the gains. Currently NAV exceeds amount to satisfy anticipated needs. IMO, there is no valid reason for me to stay fully exposed to this fickle, unpredictable market.
I am receiving predictable, higher than inflation dividend increases. I see no need to reduce exposure to this market, which I do not view as fundamentally fickle or unpredictable. In ant event, I invest in individual companies, not in a market index.
Alex's views do have some merit, though, depending on what one's goals and strategy are. I am speaking to my goal of a reliable and increasing income steam.