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-Hold your positions for the long term (especially if you are young).
-Do not panic sell! Usually when most are selling, that is a good time to buy.
-No one can time the market. I repeat, NO ONE can time the market so don’t try too.
-Review your asset allocation every 4-6 months to make sure you are on track to achieve the goals you set out for yourself (including life changes).
I’ll share 2:
1. Diversify between uncorrelated asset classes that you’re long term bullish on.
2. Don’t try to time the markets, just re-weight your portfolio between the asset classes as the different asset classes over perform and underperform.
Set it and forget it unless you’re old. Our longest depression was 4-5 years… if you’re not retiring before then you have nothing to worry about
FXAIX over and over for the next 35 year