> Your suggestion (to change the portfolio allocation) would mean temporarily selling stocks and holding money. Or bonds: * https://awealthofcommonsense.com/2

> Your suggestion (to change the portfolio allocation) would mean temporarily selling stocks and holding money. Or bonds: * https://awealthofcommonsense.com/2020/08/why-would-anyone-own-bonds-right-now/ https://awealthofcommonsense.com/2020/08/why-would-anyone-ow... Rebalancing is a thing, though generally for risk reasons. It would/could have saved one's returns during the so-called Lost Decade of the 2000s with the S&P 500: * https://www.forbes.com/sites/investor/2010/12/17/the-lost-decade-was-a-golden-age-if-you-rebalanced/ https://www.forbes.com/sites/investor/2010/12/17/the-lost-de... As your equities dropped, there's a good chance bonds would have at least stayed neutral, or even risen: so you'd sell some of those (sell high) and pick up equities at a discount (buy low). There are even products available that do this automatically for you: * https://investor.vanguard.com/mutual-funds/lifestrategy/ https://investor.vanguard.com/mutual-funds/lifestrategy/