So for everyone who’s been keeping an eye on the markets recently, there’s been bit of a dip across everywhere. During this time, I’m wondering what resources and references have you guys found insightful?
I read this blog post from MyWallSt and found the advice useful. I’m taking a look at my holdings and if the nothing has changed with the fundamentals I’m thinking about lowering my dollar cost average.
Looking forward to seeing what you all have to share
My approach has been to rebalance between sukuk and equities as the market goes down. I won’t accept a guaranteed loss of 6%+ a year of keeping anything significant in cash.
If you are doing regular investing (DCA), if anything you should increase it while the market is going down or otherwise leave as is, assuming you are secured in your near term (saved well, rainy day fund, etc). If you didn’t save enough and therefore need to hold back investing in a downturn, that’s okay… better than selling. But aim to be in a position in the future where if things went down you could keep buying the same or better yet buy more by rebalancing out of sukuk/cash savings. That’s my thoughts anyway.
I was already around 1/3 into commodity stocks coming into this dip so just exiting a little more from normal stocks and redeploying partially into commodities, and then looking into REITS and possibly gold. i.e. making sure I’m diversified and following some macro themes.