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 ...
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