WMT - The Market Has Already Protected You From Inflation With 48% Gains Over 2 Years Take Profits Now
- Those who fear that going to cash will cause them to lose too much to inflation are ignoring that the gains of the past 2 years are a huge windfall.
- Only greed can justify not taking some profits and saving them for the inevitable day when prices once again bear a reasonable relationship to earnings.
- Dividend stocks are not any safer than the market as a whole as demonstrated by looking closely at the prices and P/E ratios of several popular Dividend Aristocrats.
- Good valuation made dividend stocks safe in 2008, but even dividend stocks now are so overvalued that reversion just to January 2020's P/Es will cause serious losses.
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The Market Has Already Protected You From Inflation With 48% Gains Over 2 Years, Take Profits Now