Re: Financial Advisors
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Edit: During times of market declines I prefer to sell of my riskier investments and invest in safer assets...agree or disagree.
I had no idea how to reply to this. What is the correct answer here if you are young and have a high risk tolerance, but are also looking to make +EV decisions.
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The "correct" answer for someone who is young with a high risk tolerance, and who believes that market timing is not possible, is "disagree." If market timing is not possible, then the best EV decision is to keep the same asset allocation year after year, through the good markets and the bear markets.
-Tom
P.S. Market timing is not possible is the belief of me, of DFA and of IFA. Others on this board disagree.
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