My story as to why I don’t try to time the markets.

On April 3rd, I wrote an article  about my current asset allocation and my new proposed allocation.  They were almost identical except that I decided to add in some emerging markets exposure (I know you know where this is going!).

Anyways, my new allocation called for 2% of my portfolio to be in emerging markets.  So, I went out an purchased some units of the CIBC Emerging Markets Index.  That felt good.  My new asset allocation mix was in place.

What happened next?  Emerging markets got hammered!  I swear.  It was the day right after I made my purchase!  My emerging markets is now down 13.65% in the last few weeks.

Oh well.  This is my new asset allocation model, so I am sticking with it, but I just thought I would share my little story.