Dear reader, don’t play George Soros
READER QUESTION: In the past, you’ve said that investors shouldn’t try to time their investing so they get in just before the market soars. While most of my investments are in stock funds, I have some cash parked in a money-market fund waiting for lower stock prices. I almost moved some of this cash recently when the Standard & Poor’s 500 declined to around 1220, but I really want to invest at an S&P of 1200. Meanwhile, the cash is earning 5 percent. What’s wrong with this approach? – Alan S., Silver Spring, Maryland
Unfriendly Skies
I don’t share the recent enthusiasm over the prospects for the airline sector.