Quote:
Originally Posted by Hammer
I don't fully understand why people say you can't time the market. But I am a relative novice.
I manage my own pension. I pay in to various funds, a lot of them American. Once the Dow hit the early 28000s I stopped paying in to the funds and held the money within the pension as cash. Now the market is lower you buy in and get more units. So when it hits 35,000 in 5 years time, or 50,000 in 20 years you have done better as you got more units.
Surely this is a better time to buy then a month ago? Clear cut, end of story. Right? It may go down further but it will rise eventually and ultimately it will have been a cheap buy.
Conversely I sold my gold the day of the 7 year high. Only made 6% as I bought fairly dear, but profit is profit. Isn't this timing the market successfully? Now with that money I buy the cheap Dow...
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On average, though, it doesn't work.
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To love someone is to strive to accept that person exactly the way he or she is, right here and now.. - Mr. Rogers
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