Avoid market timing from "summary" of The Bogleheads' Guide to Investing by Taylor Larimore,Mel Lindauer,Michael LeBoeuf
Trying to time the market is a fool’s errand. It’s incredibly difficult to predict when to buy or sell investments based on market movements. Even the most seasoned professionals struggle to consistently time the market correctly. Market timing requires you to be right twice - once when you sell and again when you buy back in. If you get either of these decisions wrong, it can have a significant negative impact on your portfolio. Instead of trying to time the market, it’s better to focus on a long-term investment strategy. By staying invested for the long haul, you can weather the short-term ups and downs of the market. Over time, the ma...
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