All the pundits are lining up this week with advice for investors in a falling market. Many suggested shorting financial stocks or hoarding cash until the "right time." For long-term investors, all this chatter matters little. It's hubris if not outright folly to think anyone knows the right time. If there is someone out there that can predict market moves with any degree of accuracy, I guarantee you that they are not sharing it with the masses. They are quietly making millions of dollars.
Whether you are making your own decisions or using an investment professional, your portfolio should contain investments that reflect your financial goals and tolerance for risk. If the market drop made you want to sell, you were not honest about your appetite for risk in the first place. If this is the case, it's time to rethink the stock-bond balance in your portfolio.
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