Timing the market is nearly impossible from "summary" of PSYCHOLOGY OF MONEY. by MORGAN. HOUSEL
Trying to time the market is nearly impossible. It requires you to be right twice - once when you buy and once when you sell. Even the most experienced investors struggle with market timing. It's tempting to try and predict the market's movements, but the reality is that no one can consistently time the market accurately.
Market timing is a game of chance, not skill. You may get lucky once or twice, but that doesn't mean you have some special ability to predict the market. The truth is that timing the market is more about luck than skill. Even the best investors in the world can't time the market perfectly every time.
Investing is about time in the market, not timing the market. Instead of trying to time the market, focus on staying invested for the long term. Over time, the market tends to go up, so the longer you stay invested, the more likely you are to see positive returns. Don't let the fear of market fluctuations drive your investment decisions.
Market timing can lead to emotional decision-making. When you try to time the market, you are more likely to make emotional decisions based on short-term market movements. This can cloud your judgment and lead to poor investment choices. It's important to stay disciplined and focused on your long-term investment goals.
In the end, market timing is a losing game. Instead of trying to predict the market's movements, focus on building a diversified portfolio and staying invested for the long term. By taking a long-term approach to investing, you can avoid the pitfalls of market timing and increase your chances of achieving your financial goals. Remember, investing is a marathon, not a sprint.
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