|
Despite common misconceptions, investing is not about timing markets. It's mainly about building diversified portfolios. It's because you can't really predict disasters with sufficient accuracy or timing, but you can build a portfolio that does well over the long-term and can ride out the bad patches. If you can't handle the bad patches, then you need a lower risk portfolio.
Frankly, I think if you try to time markets yourself, you'll almost inevitably get it wrong because this usually means chasing positive performance or running away from negative performance. This is too late. Remember the 2009 equities rebound right at the end of the GFC?
|