With the rapid run-up in many of my individual stocks, I have decided to sell many of my winners and transfer the money into low-cost ETF's. Why? Investing in an individual stock means I believe that stock will outperform the market. With my winners, I am not confident they will continue to outperform so I am trimming my positions. In addition, I do not have any good "ideas" on new stocks.
BUT – I am not totally bearish on the market. Using ETF's allows me to "buy" the entire market at a very low cost.