(From Article)
Always know the size you want to build up eventually. If it’s 10% of your portfolio or 15k, divide into 4 portion:
If valuation is attractive, buy using one portion.
If it goes down another 20%, use another portion.
If it goes down another 20%, use another portion.
Instead if it goes up, at least you are 1/4 vested.
Markets move in cycles and if it’s a mild 10% correction chances are the next bear will give you some opportunity.
Waiting for the absolute bottom is difficult.
Many folks were doing that in a 20% market correction in 2011.
They were so happy to be in 100% cash.
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