Um, no it’s not. You’ve misunderstood the conventional wisdom. And you’ve definitely misunderstood market timing.That rule applies to money that's not in the market. Since your money is already in the market, I would not sell and take it out now. Sure the market could go down the next two months but taking it out for fear of a down market is just market timing.
TravelforFun
The OPs/Spouse’s ability to take risk has gone down significantly recently and the OP should probably update their AA accordingly.
OP, the simple question to ask yourself is this. If all the money that is currently in equities were cash today, would you buy a bunch of equities? Or would you leave it in cash until the divorce asset split is finalized?
Whatever the answer to that question is is the answer to what you should do
*I am not a lawyer and not legal advice obviously. I know nothing about divorce law, so like others said check with your lawyer first
**maybe instead of selling a number of shares of a particular ticker could be agreed upon quickly, immunizing you both from any market moves over the next few months?
Statistics: Posted by ScubaHogg — Tue Jul 30, 2024 2:24 am
