I just sold a decent portion of my portfolio to harvest some capital loss and reorganize my finances a bit. Today I put the cash proceeds into my money market account and got this warm fuzzy, though I'd thought I'd immediately reinvest. With the market decline plus these proceeds, I'm way below my conservative target equity/fixed income allocation. I know the texts say not to time the market, but I sometimes wonder if we're gong into uncharted territory. I'd like eventually to get back to my target allocation, but am wondering whether to wait for a while, cost average back into things, or jump fully into things with both feet. I guess I'm looking for a little confirmation before going forward. My thought right now is to cost average back over the next three or six months.
In college I had the professor who would always put an extra credit question on the exams. The one I remember most was, define the universe and give three examples. The questions were a bit of a light hearted hoax, but maybe I'm asking about one of these ponderous events.
In college I had the professor who would always put an extra credit question on the exams. The one I remember most was, define the universe and give three examples. The questions were a bit of a light hearted hoax, but maybe I'm asking about one of these ponderous events.