Stocks are the most overvalued since at least the 1980s based on one measure
"The price-earnings to growth ratio, which gauges whether a stock is properly valued, is at the highest reading since Bank of America tracking began in 1986. Anything above 1 indicates overvaluation, and the ratio is at 1.8."https://www.cnbc.com/2020/01/16/stocks-are-the-most-overvalued-since-at-least-the-1980s-based-on-one-measure.html
At least once a year investors are urged to review their asset allocation. As stock prices are at an all time high in the longest bull market in history... NOW is the time to evaluate and rebalance your portfolio. For investors nearing retirement and those in retirement in particular: Sell some stocks to take your profits and buy undervalued sectors of the market.
Of course, keep in mind your life stage. Young investors in their 20s, 30s, and 40s should maintain a large percentage of their retirement assets in stocks. But be sure you are diversified in low cost domestic and international index funds.
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