| Robbb |
05-02-2022 08:32 AM |
Quote:
Originally Posted by jimjamuser
(Post 2091085)
Timing stocks........WHEN to buy or sell is probably more important than WHAT stock to buy. Most financial advisors make their money by "CHURN" where they try to get you to buy and sell OFTEN. That is the opposite of one of the best stock strategies, which is buy and HOLD. So, often the advisor and the advised have conflicting strategies. That must be understood when talking about financial advisors that may or may not have the best interests of the client foremost.
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100% correct, just 180 degrees off. If you are a long term investor, when you buy is irrelevant. The market is random and unpredictable, there is always someone saying there is recession/depression/crash coming just around the corner. The point is NO one knows, think about it, if no one was able to predict the pandemic how can anyone predict what the market will be next week, month, year etc.. The best time to buy is yesterday, the worst time to buy is tomorrow. |
