With stock markets being so strong, we're hearing it a lot lately. "The Dow Jones hit a new high today." Or, "The winning streak continues." And closer to home, "The TSX surged into record territory today."

These kinds of headlines are often followed by speculation that the up market is running out of gas. "How high can it possibly go?"

I would encourage you to ignore the 'New High' hype and speculation when deciding what to do with your portfolio. New highs are a regular occurrence in a growing stock market. Think of it this way: If the S&P/TSX Composite Index goes up 4% per year over the next five years (6-7% return when dividends are included), it could hit hundreds of new highs on the bumpy road to 18,725 (Current level – 15,390).

Of the myriad of things to consider when you managing your retirement assets, new highs shouldn't be on the list.