Market Timing: Should You Attempt It?: Re: Re: Re: Re: Re: Re: Vanguard says nay to market timing way:

» soonertimer - Re: Re: Re: Re: Re: Re: Vanguard says nay to market timing way:

In response to message posted by Will_L:

Greetings Will, it has been over a year since we had a few discussions (civil - I believe) about BB's January call. I was coming from the point of view that "market-timing" has its time and place and that I had already reduced my equity (S&P 500 index funds) asset allocation from appr. 80% to less than 25% in the summer of '99. I had NO desire to remain fully invested in what was clearly (IMHO) a bubble. As an update, I transferred about 1/3 of my cash reserves in March when the S&P was at 1,150 and have been DCA since then and am about 50% in equites. My point is that it is NOT necessary to be "perfect" on either the sell or buy side, IF the markets are clearly over or undervalued. Also, there is obviously a huge difference between day-trading and changing asset allocations (even in a major way).

-- posted by soonertimer