08-21-2015, 11:04 PM
If the downward momentum continues there will be lots of opportunity for tax loss selling and switching to different holdings. In September my portfolio might look a lot different than it does now, at least where industrials and railroads are concerned. I haven't been chasing oil.
The risk is that the market bounces back just as strong as it dropped, and that I find myself sitting on a bunch of gains, so those new holdings will have to be companies I'm happy to hang onto for the long run.
The risk is that the market bounces back just as strong as it dropped, and that I find myself sitting on a bunch of gains, so those new holdings will have to be companies I'm happy to hang onto for the long run.