Investors: Another Chance to Clean Up Your Acts




My Sunday Washington Post Business Section column is out. This morning, we follow up a June column that advised taking advantage of markets at all time highs to clean up your portfolios. This time out, we look at the market turmoil as a reminder, and the snapback rally as an opportunity.

The print version had the full headline Market snapback is chance to clean up your act while the online version was A rollicking week in the markets is really a chance to clean up your act.

Here’s an excerpt from the column:

“A few months ago, with markets on a hot streak, you were given the Solomonic heads-up that “this, too, shall pass.” Your portfolio was basking in the sun at that moment, but as always, winter is coming.

U.S. markets had climbed to all-time highs. Those in Japan, Europe and China hit multi-year records. The contrarian inside thought, “Now is the time to start planning for when markets are less accommodating, more volatile — and for when something eventually goes wrong.”

Well, folks, “less accommodating, more volatile” arrived last week.”

Its a golden opportunity to prune what you don’t need, don’t want, or no longer fits your risk tolerances at advantageous prices . . .




A rollicking week in the markets is really a chance to clean up your act
Barry Ritholtz
Washington Post, August 30. 2015

Category: Apprenticed Investor, Asset Allocation, Investing, Really, really bad calls, Trading

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