Selling to rebalance your portfolio makes sense. If you’re just trying to time the market, though, that’s riskier. But if your goal is to simplify and adjust, then it’s a solid plan.
Clair said:
Selling to rebalance your portfolio makes sense. If you’re just trying to time the market, though, that’s riskier. But if your goal is to simplify and adjust, then it’s a solid plan.
Exactly, I’m not trying to time the market—just looking to simplify and adjust the allocation. Thanks!
You could sell, but with prices this high, buying back might cost you more. Just something to think about.
Skylar said:
You could sell, but with prices this high, buying back might cost you more. Just something to think about.
Wouldn’t the cost just be the bid/offer spread? And I’d save on taxes by selling now?
@Mai
Yes, that’s the idea. It’s called tax gain harvesting, and it’s a common strategy. Wash sales don’t apply since there’s no loss here.
Skylar said:
You could sell, but with prices this high, buying back might cost you more. Just something to think about.
It’s always a gamble. Personally, I think we’re heading for a bear market.