Quote:
Originally Posted by tiwebber
I remember asking one advisor about indexed funds - indexed to (in my case) the TSE 100 (Toronto Stock Exchange). My logic was they outperform most mutual funds. He thought that was a defeatist attitude and attempted to talk me out of it. Arrgh.
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... probably because he doesn't get a commission for selling you index funds.
You don't wan't to sell stocks when they are down. If you've already taken the losses thus far, and are in it for the long haul, then you may as well keep holding them.
FWIW, the time to sell stocks, is as you gradually shift your portfolio from stocks to fixed income vehicles (bonds & cash). This is a decision based on your time 'till retirement, and doesn't have anything to do with where the market is. Trying to time the market is difficult at best.