Everyone wants to be in the right place at the right time, but that’s easier said than done – especially when it comes to your investments. While market timing can be tempting, it’s rarely successful.
If you hear predictions that stocks could drop, would you want to sell to avoid a possible loss? While this might seem like a foolproof move, consider the possibilities:
Over the past 10 years, if you chose to get out of the market, missing just the 20 best days would have wiped out nearly all your gains. Missing the 30 best days would have resulted in losses.*
Knowing the right investment moves can help turn risks into opportunities. But the wrong moves at the wrong times can be risky and reduce your chances of success. Work with your financial advisor to develop a strategy designed to help you avoid the urge to time the market, reach your long-term goals and feel more comfortable and prepared for the future.
Source: Ned Davis Research, 10/31/2008-11/05/2018. Total return includes dividends. Calculations do not include commissions or transaction fees an investor may incur. Past performance does not ensure future results.
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