Today I'm inclined to be "greedy" (optimistic?) and stay invested in the market for the long haul (another 20+ years), however I may take this opportunity to sell off some of my individual stock holdings and reinvest the proceeds in an ETF such as Commonwealth Diversified Share Fund (CDF). Over the past 20 years I've decided my stock-picking ability is mediocre, so I may as well just invest in an Index Fund. Current prices provide an opportunity to sell out of individual stocks that I've owned for many years and offset the resulting capital gains with some losses realised by selling out of stocks I purchased more recently. This offers me the chance to simplify my stock portfolio without significant tax costs. A streamlined portfolio invested mostly in Index funds and ETFs will greatly simplify my annual tax returns in future years. I suppose every cloud has a silver lining.
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