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Avoid market timing from "summary" of The Little Book of Common Sense Investing by John C. Bogle
Market timing is a fool's errand. It is a deceptive game that can lead investors astray and cause them to make costly mistakes. The allure of trying to predict the market's movements is strong, but it is ultimately a futile endeavor. The reality is that no one can consistently time the market with any degree of accuracy. Even professional investors and analysts struggle to accurately predict the market's movements. The market is inherently unpredictable, and attempting to time it is akin to gambling. Market timing is not only unreliable, but it can also be detrimental to long-term investment returns. By trying to time the market, investors may end up buying high and selling low, which is the exact opposite of what they should be doing. This can lead to significant losses and erode the value of their investments over time. Instead of trying to time the market, investors should focus on a long-term, buy-and-hold strategy. By staying invested in the market over the long term and riding out its ups and downs, investors are more likely to achieve their financial goals. This approach is simple, straightforward, and proven to be effective over time.- The key to successful investing is to stay disciplined, avoid market timing, and focus on the fundamentals. By following a sound investment strategy and staying the course, investors can maximize their chances of long-term success.
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