NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 3, 2008
- Messages
- 35,712
Well, I was just teasing. There is a lot of Bogle's sayings that I heed. The most important thing is to not churn your portfolio. It must be given time to work. There might be some people who are good at daytrading, but I could never figure out the short-term movements of a particular stock.
On the other hand, if one takes everything or anything he said as dogma...
I remember once reading Bogle's advice that one only needs to look at her portfolio once a year. Perhaps that was OK 20 or 30 years ago, but nowadays with the market volality we have seen, one would miss the trading, er rebalancing, opportunity of a lifetime. Well, it will come again and again a few more times in my remaining lifetime, I am afraid. So, I keep my eyes peeled to fine tune my trading, er rebalancing skills.
On the other hand, if one takes everything or anything he said as dogma...
I remember once reading Bogle's advice that one only needs to look at her portfolio once a year. Perhaps that was OK 20 or 30 years ago, but nowadays with the market volality we have seen, one would miss the trading, er rebalancing, opportunity of a lifetime. Well, it will come again and again a few more times in my remaining lifetime, I am afraid. So, I keep my eyes peeled to fine tune my trading, er rebalancing skills.