too many bulls: what to do now?
add me to the list of those who are getting nervous. i'm generally not a market timer but I do make adjustments from time to time. for now i'll be selling two positions for every one that i buy and gradually raising cash, trying to go from 5% to 25-30% by the end of the year. and i'll be primarily selling my growth stocks and primarily buying value stocks/ dividend payers. and yes, i do still like AAPL in the latter category.
i'm also moving a bit more into emerging markets where i especially like EMCG (etf). Another non-CAPS investment that looks real good to me now is PHDG (HDG as in hedge). Also RLY and PAUIX.
I also bought NTLS and NZTCY recently (telecoms) for their dividends, as well as ETP.
I still have plenty of growth stocks for now and especially like companies like NUS and HLF as emerging market plays.
Because investing is so difficult now, I have a number of investment firms such as APO, NOAH, FBRC and SFG, with FFG and FIG and KKR on my watch list.
caveat: since i've done so well in the last 5 years, i'm in a position where moving to more safety/ less growth makes more sense for me than it might make for someone who has further to go.