Though it is a great time to go into equity market to purchase cheaper investments, switching existing funds from your portfolio wil be a bad idea. Bear in mind that you are selling cheap to buy cheap investments during switching (rebalancing).
Saturday, August 4, 2007
UT Portfolio as of 4 August 07
The market is in a total mess this past week. With Dow closing -280 points on friday, the following week will be another week of heartache unless miracles happen. As you would see from my portfolio which consisted more than 70% in a balanced fund, the overall downside is still more than 5%:
Though it is a great time to go into equity market to purchase cheaper investments, switching existing funds from your portfolio wil be a bad idea. Bear in mind that you are selling cheap to buy cheap investments during switching (rebalancing).
Though it is a great time to go into equity market to purchase cheaper investments, switching existing funds from your portfolio wil be a bad idea. Bear in mind that you are selling cheap to buy cheap investments during switching (rebalancing).
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