Poll: With the latest market slide, what changes are you making to your portfolio?
Posted on
Thu, 16th August, 2007 by
Jeremy
There is more than enough hype surrounding the market lately, so why not see what the readers here think. Since the market has had a rough couple weeks, what changes are you making, if any? Personally, I already have a diversified portfolio that I’m comfortable with, so I’m not really making any changes.
A good mix of stocks and bonds for me means I may not see the highest of the highs, but I also won’t see the lowest of the lows. I’m satisfied with taking some of the volatility out while I continue to invest the same amount regularly. Aside from a few individual stock holding changes, why get bent out of shape when the market gives back some of the gains that it has been so generous with over the past few years?
That’s just me, but I’m curious to see what others are doing in response.
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The only change I’m making is to buy more!
I’m buying for sure.
It’s a good window for me to reduce my cash holding in favor of stocks. I am buying.
If I didn’t read personal finance blogs I wouldn’t have realised that the US stockmarket was falling and I am far too lazy to change a perfectly good automatic investment system.
I’m going with buy and hold, and I’m glad to see most of your other voters agree. Over in the UK we’re just as worried about the direction the markets are taking as you are in the US. But it’s essential we keep our nerve, or things will just get worse. So fingers crossed and I’m trying not to lose too much sleep over the shrinking value of my pension plans.
I actually made all the changes I was going to make before the correction happened. I cut back on stocks that had gotten overextended and I removed some stocks whose underlying businesses were too close to the subprime mortgage and CDO mess. It looked incredibly foolish doing that at the time when the market was rallying like crazy, but it looks like the right thing to do now.
At first I was a little nervous with my allocation, but I made some minor adjustments and will be looking to buy much more in the near future!
I just glad this week is my wife’s pay week. Her 457 is a lot heavier in equities than my plans, so we should be getting some good prices this time around.
That’s the beauty of dollar cost averaging!
Like everyone has already said this is a great buying opportunity. But I don’t think now is the time to through everything in. I’m putting some in now and waiting to see what the markets next move is.