Quote:
Originally Posted by CoachKandSportsguy
The only way to avoid losses is to market time by selling when risks and valuations are high, and buying when risks and valuations are low. This behavior is in fact what you are paying a mutual fund manager to do on your behalf. not the same with ETFs, now you become the portfolio manager.
A portfolio manager rebalancing a portfolio is in fact a market timing exercise, by eliminating the poor performers and buying the better performers at fixed time intervals. . .
The number one reason why the mutual fund industry sells the notion that you can't time the market is to convince you that they can manage your money better and give it to them please. . .
always ask yourself "who is making money" from what I am hearing. . . my dad was sold a mutual fund, and after 15 years, there were no gains. .
chat again later. . and yes, everyone should watch "The Big Short", to realize how financial alchemy or sausage is done. and more than once. There are some great scenes in that movie, especially the woman from the rating agency wearing light blocking glasses, the ones which you get after your eyes are dilated, who admitted to always making up numbers.
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We can agree to disagree on this. Do not believe anyone can consistently time the market. I do maintain invest in a good basket of diversified no load mutual funds and as long as they perform keep them.
Good portfolio managers can do a better job than I can.
Over the long run have found this works for me.