Is it time to pull out of equity investments?

Clifford invests in stocks and equity funds but wants to exit now because markets are at a high. He burnt his fingers when the markets crashed during the last business down-cycle, and he does not want to repeat his mistake. While those around him are investing in stocks, Clifford is convinced that there is no point in following the crowd. He thinks it will be good to cash out when others are still buying. Is Clifford’s decision to quit right?

Text: CIEL