Beware of market timing from "summary" of The Dumb Things Smart People Do with Their Money by Jill Schlesinger
Trying to time the market is a dangerous game that few people can play successfully. It may seem like a smart move to buy low and sell high, but in reality, it's nearly impossible to predict the direction of the market with any consistency. Even the most seasoned investors struggle to time the market effectively, so why do so many people continue to try?The truth is, market timing is more like gambling than investing. It's based on speculation and hunches rather than solid research and analysis. When you try to time the market, you're essentially betting on short-term fluctuations in stock prices, which are notoriously unpredictable. One wrong move can have serious consequences for your portfolio, potentially costing you thousands of dollars. Another problem with market timing is that it often leads to emotional decision-making. When you see the market going up, you may feel pressured to buy in before it's too late. On the other hand, when the...
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