Quote:
Originally Posted by lewdog
That rarely works and should never be done for those in the accumulation stage. Those 10 years or less from retirement might do what you’re suggesting though. If you don’t meet that criteria, you’ll likely lose more in preparation for a downturn than actually riding out equities.
People talked about moving money and an impending correction around 20 in the Dow. People did move money. Here we sit at 26. Those people missed 30% gains.
Timing the market in retirement accounts isn’t worth it. Decide on your allocation preference and rebalance 1-2x per year.
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People who try to time the market almost always end up losing and giving money back to Wall Street. I've seen it time and time again.
Worse yet are the panickers who sell at the bottom and stay in cash. Emotional investing is bad investing; cooler heads prevail.