Sunday, September 12, 2010

Timing Securities Markets and Discipline

Market-timing is hardly ever successful. Yet most everyone, whether they are market professionals or complete amateurs, still believe they can be experts at timing when to buy and sell stocks and bonds.

Occasionally investors will luck out in their efforts. Or merely boast how they bought or sold “just in time.” But you can be assured that this success is accidental. If they were truly lucky to have sold in time, they most often never got or will get back into the market in time.

My observations confirm this. From having now studied 1,600 investing strategies over the years, along with their pros and cons.

What does work is discipline. which I will discuss in the future. ( See the Earl J Weinreb NewsHole® comments.)

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