One of the Monday Morning Millionaire Program members’ habits is to buy and hold. There is no evidence to show that market timing is useful.
Another one of the members’ habits is to rebalance to a personal asset allocation when the market goes either up or down by a certain percentage.
What is that percentage? Is it the same on the upside as it is on the downside? How do we square buying and holding with rebalancing, a form of market timing?