I do not believe in market timing. However, I have approximately 17 percent of my investment portfolio in a short term bond fund. I want to get this money into various mutual funds that will maintain my investment portfolio asset allocation of 80 percent stocks and 20 percent bonds.
I thought I read somewhere that there tends to be a rise in the market before a holiday weekend and a downturn in the market after a holiday weekend. So, in the short term, I have put off placing my orders for these funds until tomorrow. However, looking at the market today, it appears to be on an upswing. Like everyone else, I do not know how long the upswing will last.
Do you think I should go through with these purchases tomorrow, or do you think it would be better to hold off for a couple of months and keep the money in the short term bond fund during this time? Thank you for your feedback.
I thought I read somewhere that there tends to be a rise in the market before a holiday weekend and a downturn in the market after a holiday weekend. So, in the short term, I have put off placing my orders for these funds until tomorrow. However, looking at the market today, it appears to be on an upswing. Like everyone else, I do not know how long the upswing will last.
Do you think I should go through with these purchases tomorrow, or do you think it would be better to hold off for a couple of months and keep the money in the short term bond fund during this time? Thank you for your feedback.