The market is going up at a fast pace. Is it a good time to sell stocks, book profits and invest in safe instruments?
- Vij
It is very hard to guess when the markets will turn around. And it is very difficult to time this. Nobody expected the market to make a comeback like that. So, it is very difficult to perfectly time it. You may do it with your asset-allocation plan. Frame your rules, write them down and constantly remind yourself about them. If you take your money out of the market, the biggest challenge would be when to get in again. Trying to time the market also has the potential to drive you out of the market forever.
