Originally Posted by ESRBob
Did I stumble onto a forum of day traders? Better check my cookies.
In an ealier post somewhere, Nords said either in jest or sarcastically that some of us are just rebalancing - daily.
Another poster has also pointed out that rebalancing to maintain a chosen asset allocation is also market timing; one just does not want to call the market high or low, and just mechanically follows the market - with a delay. Some of us are just trying to be a bit coincidental.
I usually keep around 30% in liquid MM and I-bonds, and earlier in the year, raised it to 50% when I got out of some poorly performing stocks. I have quite a collection of stocks, because I fancy being my own mutual fund manager. I still have a lot less than Wellington, which as I recall, has greater than 300 holdings. My turnover rate is probably even lower than most MFs, Wellington included.
Well, instead of immediately buying something else
with the cash I raised, I decided to wait a bit to see what is good, and have been DCA'ing into the market. Now, I may get called "market timer".