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I just did the opposite.Finally sold some of my AA ETFs a month ago after they plunged so much. Bought some energy.
In other words, sell high and buy low.
I just did the opposite.Finally sold some of my AA ETFs a month ago after they plunged so much. Bought some energy.
That was my thinking. I only have one 2020 discount stock left that I'm letting ride up, the rest went into long term holds with CDN banks & mawer in the past while.If one is timing the market, this might be as good a time as any to buy AA ETFs. There is a suggestion however that markets have another 10% or more to fall. 10 Investing Rules
It may not maximize it but if AA returns back to normal levels shortly it's no big deal. I do buy on value (with new cash or an asset allocation shift) but I don't part with my long term holds unless the business is going sour. For me it's a long game, as in, in two years time I'll look back at the charts and likely see a small valley for AAs.I totally agree with buy low sell high. But hanging on to AAs as they go up and down does not maximise that.