Whither the markets?

[Southie]

Re: Whither the markets?

@Southie

The Snp500 closed above 2000 for first time. Continued micro rebalncing.

@Southie

Market closed at 1840 when thread opened. Now at 1875. Or 1.9 pct gain in 8 months. Plus 1.4 pct dividends.

Rebalancing done at various levels

1915 pct 25 26
1980 to 2000. Post 55.

Assume rebalancing at little bit after thread opened - at say 1880.

Average rebalance price 1940. So 3.5 pct above today’s close. So far so good.

Anyway objective not to beat mkt. objective simply to rebalance at lofty levels. Need to be disciplined. And tune out noise such as market p to es at permanently high plateau.

Assuming average rebalancing price of 1940, mkt at 1994. 2.8 pct higher. In other words, you didn’t get killed rebalancing. You just got ur asset allocation back in line.

AND THAT IS THE OBJECTIVE OF LONG TERM INVESTING.