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Jayson Lowe argues that timing the market doesn't work because the market ignores your plans and emotions. Instead, buy quality companies you understand and hold them through cycles, not based on greed or fear.
Jayson Lowe argues that timing the market doesn't work because the market ignores your plans and emotions. Instead, buy quality companies you understand and hold them through cycles, not based on greed or fear.
Stop trying to time the market. The market can't see your watch. The market doesn't care what your retirement date is. The market doesn't care that you're super excited about wanting to get in to any one particular stock at any particular time. Market's not designed or engineered be of a benefit for you. Central banks, the market makers are going to do extremely well whether the stock goes up in value or whether the stock goes down in value. As a human being, your human condition, you're going to want to purchase in that human condition of greed. You'll want to sell in the human condition of fear. Fear. And you'll just repeat that process until you're broke and the market makers and everyone else gets all your money. Stop trying to time the market. You're not in a position of control. These companies are going to be operating whether the economy is expanding or receding, whether interest rates rise or interest rates fall, whether the real estate cycle is in your favor or not. Purchase what you know and buy a great company and hang on to the damn, it's going to keep operating. But if you're just buying to try to time the market, you're in a rude awakening.
