Market Timing has repeatedly been proved (vitually) impossible.
“virtually”
Correcting tag line.
Timing to the day? Not me.
To the month? Maybe.
To the quarter? Most definitely yes and it can make or break a retirement.
Apologies if my post came across as recommending (or inferring that I had any capabilities associated with)market timing.
My comment was intended to reflect my opinion that the individual needs to be responsible for their mutual fund asset allocation based on their investment goals. On particular as a response to the statement:
there are new funds that move to cash when the market is falling apart. They do it for you.
While I fully trust that the mutual fund mangers that I send my money to do their best to maximize my returns, I would have considerable concerns if I thought those managers were selling losses at the bottom to get into cash.
Specifically, if I didn't want to change me fund allocation - I don't want someone else to do it for me without my consent (unless built into my agreement with the fund, etc.,).
I have no intent (or ability) to time the market, not that smart, and have no crystal ball. All I want is for my funds to do what they say in their prospectus, and let me make the decisions regarding how to allocate my assests.
Take care.