Hello all,
I was curious to know if anyone on here has rebalanced their portfolio or is thinking about rebalancing given the current market downturn? Are you considering a more aggressive or conservative allocation given the markets condition?
As of yesterday I was out balance by about 5%. Current target allocationis 80% equities and 20% bonds, so now I'm at about 75% equities and 25% bonds. I had never rebalanced before, usually I just throw my income at whatever is lagging in my allocation, but in these current market conditions I can't keep up with fall in equities.
Also, I was thinking of taking some "play" money and going long in oil. Feel free to comment on that as well.
Thanks