Quote:
Originally Posted by Deep_Blue
Not on a large enough scale - I like low fee, long term index funds. (and real estate, but thats beyond the scope)
Market timing is a bad idea. For every hero who tells how he timed the market, there are many more who quietly got burned. Just ride it out.
When the market goes down, stock are on sale, buy more. Selling only locks in your losses.
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Why do you say real estate is beyond the scope?
I definitely agree with you on the rest. Timing the market is problematic at best. My situation is that I'm 43 and still hanging onto a risk profile that I had when I was in my 20s. I rode out the last crash, exactly as you suggest, and have now amassed a pretty significant nest egg. I guess I'm approaching this from the perspective of re-balancing to "lock in" some of those wins and ratchet the risk profile down a notch. Certainly I have time to ride out one or two more crashes during my career but I do feel the pressure of father time creeping in as I consider how long it took to rebuild wealth after 2008.