My Sunday Washington Post Business Section column is out. This morning, we follow up a June column that advised taking advantage of markets at all time highs to clean up your portfolios. This time out, we look at the market turmoil as a reminder, and the snapback rally as an opportunity.
The print version had the full headline Market snapback is chance to clean up your act while the online version was A rollicking week in the markets is really a chance to clean up your act.
Here’s an excerpt from the column:
“A few months ago, with markets on a hot streak, you were given the Solomonic heads-up that “this, too, shall pass.” Your portfolio was basking in the sun at that moment, but as always, winter is coming.
Its a golden opportunity to prune what you don’t need, don’t want, or no longer fits your risk tolerances at advantageous prices . . .
Source:
A rollicking week in the markets is really a chance to clean up your act
Barry Ritholtz
Washington Post, August 30. 2015
http://wapo.st/1O1hofl
If an investor hasn’t the attention span to figure out what asset allocation is right for them after corrections, drawdowns and utter collapses of the markets… They need to take some DRASTIC measures.
Stop watching TV and get your mind back. Even at the cost of looking askance at Donald Trump’s unsubtle attempt to get you on his mailing list.
Have you bought a ballcap yet?
https://www.donaldjtrump.com