Not that kind of high! Just because I live in Colorado where the green stuff is legal doesn’t mean I partake. I can see where you might think it though given some of my posts. No, I’m talking about market highs.
The Market is High!
I have a friend in his late 20s who is trying to time the markets. To this I say, consult the experts.
We continue to make more money when snoring than when active.
Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient.
Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.
This one from Alan Abelson is great:
Do you know what investing for the long run but listening to market news everyday is like? It’s like a man walking up a big hill with a yo-yo and keeping his eyes fixed on the yo-yo instead of the hill.
But the best argument against market timing is in the chart:
Even major pullbacks gradually become minor blips over the very long term. Read more of what I think about over on InvestmentZen.
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