I am looking to increase exposure to international equities via an ETF. However my gut feeling is that the US market at record highs is again due for a correction. My inclination is to take some profit from Australian stocks (banks)sit tight until that correction then invest via ETF.
I would appreciate comments on this strategy.
My wife and I have a SMSF (65% of funds) and an industry fund with the following investment profile: Cash/fixed interest etc 18% Australian equities 64% International equities 9% Other (property trusts etc) 9%
I have considered closing the industry fund but it is performing exceptionally well at the moment and fared very well through the gfc. It also provides diversity
I am 60 yrs old and all funds are in pension mode.
