Originally Posted by lsbcal
I don't think the future is ever any clearer. I have an AA and every other day think that "maybe we're headed for a recession, hmm ... maybe I should sell something" or "maybe we're going to have a surprisingly nice year next year, maybe I should buy something". For me these mood swings happen all the time. Everytime I have to convince myself that unless I made a major percentage move, a big bet, there'd be no sense in it.
If you haven't done an Investor Policy Statement now ... right now ... might be a good time to do it.
That said ... maybe we're going to have a great year next year ...
I totally agree with you. I spent years trying to out smart the market and didn't do anything but generate commissions. I'm on a fixed asset allocation that I intend to stick with unless I really see a major change. If I do, it will be too late to do anything because "the market" will see it long before I do.
My AA is open to evolution. I would like to get 5% REIT but I'm going to wait until the dividend of the Vanguard REIT Index gets above CD rates. I'm also considering a 5% move into broadly diversified higher yielding semi-fixed income. Time will tell.