I still don't agree -- it conflicts with another well known rule of thumb "avoid attempting to time the market."Actually, with this strategy, an investor reacts based on what's already happened. Timing the market is when one invests based on what they believe will happen in the future. Taken from www.investorwords.com:market timing Attempting to predict future market directions, usually by examining recent price and volume data or economic data, and investing based on those predictions. This retirement strategy isn't based on predictions, but reacting to what the market has already done, then making a decision. Then repeating over and over. So, no rules of thumb violated here.Bookm
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