Avoid trying to time the market and instead focus on longterm goals from "summary" of The Coffeehouse Investor by Bill Schultheis
The idea of trying to time the market is like trying to predict the weather – it's nearly impossible. Market timing is a game that few people win, and even fewer win consistently. The temptation to try to time the market is strong, especially when we see others seemingly making quick gains. However, trying to time the market only adds stress and anxiety to your investment strategy.
Instead of trying to time the market, it is far more effective to focus on your long-term goals. By having a clear understanding of what you are investing for and how long you have until you need the money, you can create a solid investment plan that will withstand market fluctuations. Long-term investing allows you to ride out the inevitable ups and downs of the market without making knee-jerk reactions.
When you focus on long-term goals, you are able to take a more disciplined approach to inves...
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