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Originally Posted by macduffy
[QUOTESo selling would have been a 50% profit in the hand at the expense of future profit, and would have left a hole in the asset allocation model. ]
I know that many experts place a lot of emphasis on maintaining asset allocations fairly rigidly but I take a much more relaxed attitude to the subject. If something should be sold - or bought - I tend to do so - and hope to sort things out at a later date!
[/QUOTE]
It was more the question of what would replace those IFTHAs had I sold them.
Asset allocation is a fine tool, to be sure, and I do try to follow my model but, like you, it's a flexible model.
There are, after all, times when tactics do trump strategy.
Last edited by GTM 3442; 03-08-2016 at 04:22 PM.
Reason: Punctuation.
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