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That's why the phrase "don't try and catch a falling knife" exists. We have no idea if prices will rebound shortly, or continue to take a nose-dive. Trying to t
by ARandumGuy 2y ago
That's why the phrase "don't try and catch a falling knife" exists. We have no idea if prices will rebound shortly, or continue to take a nose-dive. Trying to time the market is a gambling strategy, not an investment strategy.
- immibis 2y agoBuying the market at all is a gambling strategy. You cannot be in the market without timing it. For example, just last week, I realized I had a bunch of money sitting in my crypto exchange that I thought was in Bitcoin, so I traded it for Bitcoin. Now it's worth 80% as much.
- throw0101b 2y ago> Buying the market at all is a gambling strategy. You cannot be in the market without timing it. If you buy a little every pay cheque automatically, without looking whether things are up or down, how much are you really "timing" versus simply investing? (Especially if you buy a globally diversified fund like VT.)