I was recently asked by the host of a radio show who was looking for a guest to talk about what you should do with your investments now that the Dow Jones Industrial Average is at a record high.
Here was my answer:
The only advice I would have to someone now that the DJIA is above 13,000 would be to recheck your portfolio and rebalance it if necessary. The DJIA being at a record should really be a non-event just like the plunge in late February should have been a non-event.
Taking action because the Dow has hit a certain number may make great entertainment but not great investment advice.
I hope you do not succumb to all of the investment hype out there, positive or negative.