Re: EM taking it on the chin today
Anyone who follows a strict balancing program won't be hurt at all by the tanking Emerging markets. After enjpying 40+% GAINS for 3 straight years, only newcomers are getting hurt. I have been re-balancing every 13 months (to avoid the short term cap gains) and will be ahead of the game regardless of what happens due to having such a small allocation (5%). anyway, if it continues to tank I see a buying opportunity........ at my next annual re-balance (about 9 months from now)! I am committed to the LONG view........
Oh, you hate your job? Why didn't you say so? There's a support group for that. It's called EVERYBODY, and they meet at the bar.--Drew Carey