My latest post for Alpha Baskets looks at a well written article that I think asks the wrong question.
From the post;
The first bullet point about not market timing is the one that isn’t active but could be. Rebalancing is arguably an active endeavor. A truly passive investor would let his allocation drift wherever (a point made by Cullen Roche). You may not market time but you might time yourself. There is a school of thought that says a year or two before you plan to retire you should reduce equity exposure to reduce the impact of the bad luck that goes with a bear market starting six months after you retire. If that resonates with you then that is an active endeavor.
Please click through to read the entire post.
A BMW in front of my gym from the other day
Roslyn, WA, aka Cicely, AK where Northern Exposure was filmed, picture taken in 2011
Skateboard rack in San Diego