Not reinvesting dividends
I understand that the majority of Bogleheads own individual stocks in their portfolios as I saw it on one of the threads here (67% +/-).
Does anyone else think it might be prudent to "turn off auto re-invest" of dividends to allow cash to accumulate in settlement MM account as
Shiller's CAPE is 30X + currently? I generally keep a buy list of stocks I've researched and go in at a predetermined price for yield of 4.5-5%.
The last time I've had a dry spell lasting this long where everything looked overvalued was October 2007.
I'm curious if anyone else feels the same?