@Sunny just to challenge your advice and I am a bit concerned to be frank which is why I am looking for advice.
If my personal outlook is that the markets will fall further would it not be wise to act now to protect my fund and move frim equities to cash?
Then, when my outlook becomes positive, buy back into equities. Therefore reducing the downside effect on my fund and getting back in when i believe the tide is rising.
Surely this is much better than doing nothing, as you suggest? I dont understand this advice unless I am missing something.
Of course my investment horizon is 30 odd years but that shouldnt discourage me from protecting my funds at certain times and investing in equities at other times to take a more bold approach.
Given the currebt crisis surely it makes sense to get out of equities (if my own personal outlook is such that itll get worse)?