I have biased toward cash in my portfolio as rates have risen; however, every month I force myself to DCA into equities to maintain my overall asset allocation. I too feel that equities are overpriced, but I remind myself they can go higher still, and routinely have done in the past when they were considered overvalued. So I hold my nose and click the “buy” button, assuming that in the long run the curve is up and to the right. But no, there are no guarantees.
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I have biased toward cash in my portfolio as rates have risen; however, every month I force myself to DCA into equities to maintain my overall asset allocation. I too feel that equities are overpriced, but I remind myself they can go higher still, and routinely have done in the past when they were considered overvalued. So I hold my nose and click the “buy” button, assuming that in the long run the curve is up and to the right. But no, there are no guarantees.
Post: Waiting It Out
Link to comment from May 24, 2024