Today was the kind of day I talk about..... A little "kiss and a promise" about the fiscal cliff and all of a sudden stuff jumps.
That's the problem with trying to "time" the market. You'll never be in to get the nice bumps - if you'd sold out trying to protect the downside. You'll never get out at the top - and you'll never catch the bottom. Just give up and invest and ride it out. The dividends will come in -- and eventually you'll be a winner.
That's why I say to scale in and scale out. If you want out of a stock -- okay -- sell half and wait...
Same with buying in.
Now ---- if you have enough money. As in millions or hundreds of thousands invested.... THEN you can afford to take some off the table when you have outsized gains -- and sit on the side - but I'm talking about a situation where you're still going to have major skin in the game.
