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Thinking you can't time the markets is a fallacious story that buy and hold investors believe in. It may be beneficial, as many tend to sell low and buy high, b
by dannyw 4y ago
Thinking you can't time the markets is a fallacious story that buy and hold investors believe in. It may be beneficial, as many tend to sell low and buy high, but it's nothing further from the truth for me.
- deleted 4y ago[deleted]
- lotsofpulp 4y agoAssuming someone can time the market, what reason would they have for not cracking into the list of the world’s wealthiest people within a couple decades?
- mckirk 4y agoIt might be worth distinguishing here between 'some people that can time the market' and 'market conditions that can be timed by some people'. 'You can't time the market' would preclude both, but I think GP is talking about scenario 2 and you are talking about scenario 1.
- deleted 4y ago[deleted]
- mywittyname 4y agoThis one was easy though. Practically everyone was looking around while the pandemic stock market was exploding, realizing that it didn't make sense. For me, Tesla was the flashing red sign, it's market cap was something close to that of the entire auto industry combined. I had a big expense coming up this year, so I went ahead and sold a bunch of stock in January.
- chasebank 4y agoYa but it hasn't made sense for years. Which is why you can't time it. You just got lucky. Tesla didn't make sense when it was $250/share prior to the stock split. Look where shorting got you.
- Aunche 4y agoSelling a stock that you think is obviously overvalued isn't "timing the market." You're just applying market fundamentals. Timing the market would be shorting a bunch of Tesla.
- lordnacho 4y agoLack of credit, capacity constraints.
- lotsofpulp 4y agoFor decades?
- lordnacho 4y agoYes. If a strategy can only make $1m a year, you won't become a billionaire from it.