Here
are
some Market Timing strategy articles that we have written.
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June 29, 2005 |
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Market timing is one of the least
understood concepts involved in investing money. It’s time we identify and debunk
some of the myths about market timing. These myths seem to take on a life of their own
through repetition. But anybody interested in market timing deserves to know the truth,
and this seems like the perfect time for a refresher course.
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April 20, 2001 |
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This quote from Hugh Johnson is more accurate than many advisors want the public to know: "The most intelligent way to begin managing money is to confess you don't have a clue where the markets are going." The stock and bond markets are affected by so many influences, and those influences change direction and importance so frequently, that short-term predictions are not much more than guesses.
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June 29, 2005 |
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Conventional wisdom says trying to time the stock
market is a fool’s game. And if you look at market timing very
narrowly, defining it as a discipline that nobody really practices, then
the conventional wisdom is right.
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June 29, 1997 |
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EDITOR'S NOTE: This article was first published in 1994
in Paul Merriman's "Fund Exchange" newsletter, the predecessor to
FundAdvice.com. We have kept it on this site all this time because its
message is just as timely now as it was then.
Market
timing works, and it works well for people who actually practice it as
a discipline. In theory, every investor is capable of following the
disciplines of timing. But not everybody has the right emotional makeup
to do timing right. In real life, most people who try are ultimately
unsuccessful. Timing puts investors on the front lines, face to face
with the realities of the market, every business day. To be a
successful timer, you’ve got to buy and sell without flinching even
when you don’t feel like it. You’ve got to follow your discipline even
when you’re sure it’s a mistake. You’ve got to do it even when you
don’t understand why your timing system is telling you to act. Nike had
it right: "Just do it." But it’s so much easier to say than do!
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July 07, 2005 |
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I think the most interesting part of
the investment industry is the psychology involved, and I’m always looking for new
ways to communicate about this. Investors who follow market-timing disciplines know how
difficult it is to overcome the psychological hurdles. It’s especially challenging to
ignore the media's constant advice to pursue short-term results and trends, while the
media advocates long-term investing. You can rarely pick up a financial magazine these
days without reading cover headlines promising to tell you which mutual funds or stocks
you should be buying RIGHT NOW.
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July 07, 2005 |
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One thing I have noticed repeatedly over the years about successful investors is
that they have a clear sense of their goals and how they are going to reach those goals.
But investors who are confused about what they are doing experience stress, uncertainty
and emotional strains that sometimes lead them into decisions that are, at best,
unproductive-and often disastrous.
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