Quote:
Originally Posted by LizAEBN
There's a lot of noise about the size of the drops, but frankly, the best thing is NOT to look and total up. If your asset allocation strategy is sound, look at where we were in 2002 vs late 2007: there are easily visible trend lines, and the market is doing what it always has.
|
Yup, I never react even when paper statements come. I rebalance once a year, usually toward the end of the year, so I know what it will do to my taxes. Other than that, I'm buy 'n hold for the most part.
I'll do some short term buys, but those have specific agendas. Like I loaded up on gaming equipment stock after Katrina wiped out all the gulf coast casinos. Made a quick 50% in 6 months as they had two great quarters.
Panic sells only lock in your losses.