If an investor is down to just a few core holdings anyway, he is better advised to tough it out. The very experience of playing in pain through a (temporary) crash is of enormous instructional value and thus actually worth the modest monetary cost involved.
The process of crisis thinking and the need to make wrenching decisions that prove valid in short order will serve a person well for the rest of his or her investment career.
Once an investor has successfully navigated the worst of the choppy investment seas, she will have learned survival lessons and will have internalized feelings and a vivid experience that will be of permanent psychological and instructive value.
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