Culture
Recycles dryer sheets
- Joined
- Apr 15, 2007
- Messages
- 491
I think I have a problem with the basic concept that shifting from cash to equities for long-term investment after a large market drops is market timing. I agree that the daily, weekly, monthly and yearly up-and-down shifts in the market are impossible to predict. However, the fact that equities were on sale now, 2001-2002, 1987, 1974, etc was clear even at the time. Sure, hitting the exact bottom is impossible, but the fact that you are getting more bang for your buck after a major collapse is clear, and we would not be invested in the market if we were not convinced that it is going up in the long term.
Do you consider this market timing?
Do you consider this market timing?