Don't try to time the market from "summary" of MONEY Master the Game by Tony Robbins
Attempting to predict the movements of the market is a fool's game. It is a game that many people play, thinking that they can outsmart the collective wisdom of millions of investors and traders. They believe that they have some special insight or ability that will allow them to buy low and sell high, time and time again. But the truth is, market timing is a risky and unreliable strategy. The market is unpredictable and can be influenced by a multitude of factors that are beyond our control. Attempting to time the market requires not only predicting the direction of the market, but also the timing of those movements. This is a nearly impossible task, even for the most seasoned investors. Not only is market timing difficult, but it can also be incredibly costly. Every time you buy or sell an investment, you are incurring transaction costs and potentially taxes. These...
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