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Strategies & Market Trends : The Art of Investing
PICK 45.50-1.5%Nov 17 4:00 PM EST
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To: Lou Weed who wrote (1612)3/27/2021 5:34:12 PM
From: benwood1 Recommendation

Recommended By
bull_dozer

  Read Replies (3) of 10601
 
You would have to be an incredibly bad market timer -- professional market mistimer? -- to miss 100% of the ten best days.

I view these sort of stats as having a purpose, and that is to groom as many people as possible to be bag holders at the next market top. I have noticed in my investing career that these always start to pop up when valuations are high, help convince the late comers to stay in because 'it's for their own good.' Yeah, they want to sell TO YOU at the distribution top, sucker.

It's blatant cherry picking of the data in order to skew it the maximum possible, and to seen as innocently plausible. Wow, missing that few days can be that disasterous?? -g-

But what if you missed the ten WORST days between 2000 and 2014?

I do think you have to be a decent market timer, not panic selling, not panic buying, or you really will ruin your returns over time. I read recently of an investor in SOXL that was timing, and he did an analysis over the course of his 18 months of shifting in and out and discovered he'd have had 38% more shares had he just kept his original investment the whole time.

-ggg-


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