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Nope, not gonna do it. My stock holdings are all long term, and to be honest, I've been hoping for another serious drop for a year or so now. I'd love to add to a few of my positions and start a new one or two, but not at current prices. If the market corrects, I'll be buying.
i would bet anything that by the time he gets back in again he would have had a higher return just rebalancing if things fell and staying the course. everyone feels like a genius when they sell. few can get back in after a drop and not buy in higher than they bailed out at.
after all what good would bailing have been if they got back in to a suckers rally. so they wait and wait after a run up for it to fall back only it never does.
eventually they throw in the towel and buy in higher than they bailed out at and would have been ahead had they rebalanced when things were down instead of thinking they were going to time it.
there is a reason study after study shows those that think they are going to come out ahead timing things end up getting less than just doing nothing and staying put..
as jack bogle said " don't just do something, stand there."
Like Tapper suggested now is the time not to sell but to raise cash for a lower entry point or your chicken crap time fund. For me it is T Rowe Cap Appreciation, Wellington, individual bonds or cash etc etc.
Isn't this on the wrong forum? It seems to fit better over on Yahoo Finance where there are tons of people making short, dramatic statements like this.
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