Quote:
Originally Posted by MRM
The way to diversify and buy low/sell high is to allocate your portfolio into classes. ...
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+1. I've seen this exact principle coming from some really smart money managers. Like Gatotom says, "It's boring but I sleep good."
Most of my investment money is in lifetime buy-and-hold stuff, but I also a much smaller chunk that I use to pick some stocks. Generally, I invest on a 3-5 year timeline, but if something that I expect to hold for 5 years does unusually well after 3 months, my general strategy doesn't preclude me selling it earlier than planned. I had a couple of issues over the last couple of weeks that had done so, and I put in some sell orders, but I'm not moving a lot of my account around.