Quote:
Originally Posted by UFO
This is what I said many pages ago, I remembered getting failed and re-educated about how the system works but really I'm no financial professional, so this is still the view that I hold. I may not get filthy rich by not being able to time the markets and cash in like the pros, but I too am fortunate enough live a happy, financially stress free life
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the professionals do not and can not time the market.
the media will pick up on the one time they happen to get it right, but they do not time the market with any regularity or consistency.
it's the same story of what people believe (media driven - it's amazing what sells in papers, financial programs) vs. the truth. this is the whole argument behind investing over the long term, taking the up and down times (for financial assets).
the best proof of this is warren buffet - he doesn't time anything, he buys based on value (is helped by an incredible network and ability to offer more than the average investor, but that's not the point here
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