Quote:
Originally Posted by coolyokeluke
Listen to this guy. Market timing is a proven way to make less money than the market average over a long time period.
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+1
Just regularly deposit money...it will do what is called dollar cost averaging of your shares/, investments....
By attempting to time the market you can miss the biggest ups and the biggest downs...
With 35+ years to go, it more important to get the $$ in and invested than worry about trying to get an extra half a percentage THIS year if you do it right, cause you might miss a bigger gain overall by sitting on a pile of cash at 0.01% in a money market.
Folks who tend to look at they accounts yearly tend to do best at not micromanageing things and do well...just rebalance and adjust for your goals/age or long term outlook...
Few people can ride the ups and downs emotionally of a big day/week/month and not take money out on a good day, then miss the top, or yank it out at the bottom, making a loss real, then miss an increase.