That's the danger of investing. It's boring. Trading is so much more fun. I've adopted the Bogle recommendation to set aside a percentage of the portfolio for trading never to exceed 10%. But that 10% can eat up an entire portfolio without a downside limit (which I haven't yet figured out how to implement).
Worse, it's a slippery slope. I end up convincing myself that reducing my stock exposure when the market is expensive (extreme Schiller levels) is not "timing the market" (ie I'm not studying technical charts). Then I try to convince myself that even if I am timing the market, it is a wise thing to do when the market is so expensive (ignoring the fact that for the past decade my stock allocation has been only half of my full target).
Oh the lies we love to tell ourselves about how smart we are.
Worse, it's a slippery slope. I end up convincing myself that reducing my stock exposure when the market is expensive (extreme Schiller levels) is not "timing the market" (ie I'm not studying technical charts). Then I try to convince myself that even if I am timing the market, it is a wise thing to do when the market is so expensive (ignoring the fact that for the past decade my stock allocation has been only half of my full target).
Oh the lies we love to tell ourselves about how smart we are.