[quote=Rich Toscano]Ok, we can agree to disagree on what does and doesn’t count as “market timing,” but semantics aside, my original point remains. (Which was: whatever your position is on the matter shouldn’t change because someone guessed the short term market direction right one time).[/quote]I think that’s where you misunderstood me. It’s not about guessing the right direction of the the market short term. It’s about not knowing which direction the market will go because you don’t know how the vote will turn out. I sold the day of the election and bought right back in the morning after the election. Not because I was right in guessing the direction of the market (I actually had no guess as to which direction it will go the next morning and would be happy in either direction), but because the risk is gone. Also, as a long term investor, don’t you re-balance your portfolio base on where you expect the economy will go? When you have two people w/ two very different view of the economy, how can you invest long term in one sector vs another without knowing which direction the country will go? Wouldn’t you want to take the opportunity to pick the industry/sector you think will do the best in the next 4 years after knowing who won the presidency?
