tar42:Jerry, would you consider it "selling equities at a loss" if one sold some shares of a fund and then rebought even more shares(with the sale prceeds) at a later date when the fund's shares had fallen 15%?
Yes, I would Tim since one would be taking a gamble that share price would indeed fall. Hence the difference between speculating (market timing) and investing. My whole point in this thread is that those who sell at a loss because they "know" where the market is headed are accepting the risk that they may not be right. Thus the reason many, if not most, underperform the market using this strategy. One may win once or twice or whatever, but should be prepared to fare worse than if they buy and hold. In my view, there's enough risk in this market without adding to that risk by speculating.Jerry
