I am overweight bonds a bit but if the market crashes significantly I will rebalance to equities at the low point, otherwise I am quite happy with it.
At the low point, huh? That sounds like market timing to me, which is generally discouraged here.
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I understand how that can be looked upon as market timing but I don't see it that way. I don't time the market, i'm invested according to my allocation, however I see it as an opportunity. My portfolio has 23% bonds right now, I ideally want to be more aggressive than that BUT I am reasonable OK with the current allocation.
However, if an opportunity presents itself it is prudent to take advantage of it, that isn't timing. As I said I am overweight bonds, I don't need that much in bonds but equities right now are very expensive so at this juncture I am not going to go out of my way to rebalance. However, if equities were on a fire sale, say 20-25% lower than now then I will very well lower my bond allocation to 10% which is my target.
Timing implies getting in and out of the market at fixed periods, I don't do that. 100% of my money is in the markets. I am simply rebalancing based on opportunity. If the opportunity does not present itself my current allocation will do just fine. If the opportunity DOES present itself then taking advantage and rebalancing will do even better.
Also, timing implies predicting the future, what I am doing is an action that I will take AFTER the fact. Big difference.