I keep reading how impossible it is to time the market. Most advisors say,"The smartest investors in history have not been able to successfully time the markets." Well, I'm far from a smart investor, by a long shot.
The chief complaint seems to be that, "you will never know when to get back in, even if you do get out at the correct time."
In my case I got out of the market in late December 1999 when the S&P was about 1360 or so. I got out because I was going to retire in 2002 and I thought the market was ridiculously high. I also thought it was full of crooks, but that is another story. We will see if I was right about that last part.
Today the S&P is about 985. Now, I have to figure out when to get back in. It seems to me that I can go in almost any day I choose with a 365 point margin of error.
As my old boss used to say, "How hard it that to figure out"?
b.
The chief complaint seems to be that, "you will never know when to get back in, even if you do get out at the correct time."
In my case I got out of the market in late December 1999 when the S&P was about 1360 or so. I got out because I was going to retire in 2002 and I thought the market was ridiculously high. I also thought it was full of crooks, but that is another story. We will see if I was right about that last part.
Today the S&P is about 985. Now, I have to figure out when to get back in. It seems to me that I can go in almost any day I choose with a 365 point margin of error.
As my old boss used to say, "How hard it that to figure out"?
b.