Liz Ann Sonders is chief investment strategist at Charles Schwab, where she’s worked for 20 years.
Her style is to keep it simple, something she learned while appearing regularly on “Wall $treet Week.” She has over 110,000 Twitter followers.
Even under “normal” circumstances, trying to pinpoint market tops or bottoms is a difficult — if not futile — exercise. The virus-related uncertainties suggest even greater futility. But long-term investment success never requires that.
Disciplines around diversified strategic asset allocation and periodic rebalancing are key in this environment — with the periodicity of rebalancing perhaps driven less by calendar-based timing, and more by asset class movement-based timing.
Taking the impact of more frequent adjustments on issues like tax implications, investors who can tolerate more frequent adjustments based on heightened volatility might consider the benefits to performance.