Quote:
Originally Posted by mcgols
No . Nobody can time the markets there will be ups and downs that is why on average in the long term investors should be able to achieve higher returns investing in GICs or bank deposits. My advice is if you are conservative go 30 to 40% good quality dividend stocks and the balance in short term (<5years) bonds. Don't be trying to time the market. Buy right and sit back.
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That's funny. GICs are fixed return insurance vehicles. The insurance company takes your money, gives you a fixed return, pays its employees from the returns on your money they made through market timing.
It's funny to hear people say no one can time the market and in the next breath say most timers can't beat an index.
Since the premise that "most" can't implies that some can, so then timers "can" beat the market.
The OP says no one can time the market and in the next breath lays out a timing scheme??????
Anyone who says you can't time the market, has retired to the "average" lounge.
If everyone makes the average, no one in that group has improved their standing.