Know When to Take Profits

Robert Baharian from Baharian Wealth Management discusses the current state of the bull market, noting it has reached its second anniversary. He recalls the sharp market downturn in 2022 but highlights the subsequent growth, with the S&P 500 up 63% and Bitcoin up 155%.

Robert states that while no one can predict the exact duration of this bull run, historical data suggests that once a bull market surpasses its second birthday, it often continues for several more years. He argues there are no current warning signs of a recession or the end of the bull run.

Regarding investment strategy, Robert recommends diversification. He advises taking profits and rebalancing portfolios, particularly for investors nearing retirement. Emphasising the importance of seeking advice tailored to individual circumstances, Robert suggests staying informed and maintaining a diversified investment approach.

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