Trying to time the market is a double-edged sword: you may miss the crash, and possibly the market high, but you are also likely to miss out on riding the wave on the way back up. Being a successful investor is more about being disciplined, and part of that discipline is rebalancing. A sensible strategy would be to take some of the profits from the market and reallocate that cash to ensure a balanced portfolio as we approach what could be a volatile summer.
Kerry Craig is global market strategist of JP Morgan Asset Management
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