Considering Market Timing To Avoid a Declining Market? Think Again.
2019 is sizing up to be a phenomenal year for investors. As you start reviewing your investments, it seems sensible to want to lock in gains before a downturn. You should know this is natural but also pause and read an article to reinforce why market timing doesn’t work. Here is a nice piece from Capital Group (the owner of American Funds).
After reading the article, talk with your advisor and confirm your investments are in line with your long-term financial goals. You can/should even take it a step further and confirm your cash/emergency bucket has 3-12 months of spending (3 months for dual income working households; 12 months for retirees) and potentially extra to cover any large expenditures over the next 12 months.