When’s the perfect time to get into the stock market?
When’s the best time to buy or sell?
How can you time the market just right?
If you think you can figure out the answers to these questions, you may have fallen for a common myth about investing.
The myth is that it’s possible to time the markets just right.
The reality?
Timing the markets is all but impossible.1
That’s because it’s nearly impossible to pick the “right” stock at the “right” price and the “right” time.1
And if you’re timing the markets and you panic sell after a downturn, you can miss out on the market’s best days. Those tend to come after the biggest drops.2
Instead, it’s usually better to stay invested with a solid strategy.
And it’s best to know the facts before you make major financial decisions or moves in the market.
Don’t assume those rules of thumb you’ve heard are the law of the land when it comes to investing.
It’s better to second guess what you’ve heard and take a fresh look at the facts for yourself.
It could open the door to new insights and better investment decisions.
Want to read more about investment myths & the facts behind them? Click here to check out the rest.
Joshua S. Melda, CFP®
Retirement Planning Specialist and Certified Financial Planner Professional™
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