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klook

(13,628 posts)
4. Never try to time the market.
Thu Nov 30, 2017, 01:05 PM
Nov 2017

It's a loser's game.

Keep a diversified portfolio, and don't panic-sell at a low price either.

I would also add, buy index funds instead of individual stocks.

Also, I am not a financial professional or any kind of expert -- just a regular schmuck whose retirement depends on investing wisely. So take my advice with a grain of salt, because you may have a different situation or different priorities.

This advice from Vanguard may be of use. From the section called Principles for Investing Success:

4. Maintain perspective and long-term discipline

Investing can provoke strong emotions. In the face of market turmoil, some investors may find themselves making impulsive decisions or, conversely, becoming paralyzed, unable to implement an investment strategy or rebalance a portfolio as needed. Discipline and perspective can help them remain committed to a long-term investment program through periods of market uncertainty.

Recommendations

0 members have recommended this reply (displayed in chronological order):

I don't know, what do you think? maxsolomon Nov 2017 #1
not according to my financial adviser. NRaleighLiberal Nov 2017 #2
yeah the problem with predicting crashes, even in bubble markets, is timing. unblock Nov 2017 #6
exactly what we are doing - I have 1/3 in chash, 2/3 still invested, but a wide variety. NRaleighLiberal Nov 2017 #9
i'm nearly 100% in stocks nearly all the time, but i'm easing off now unblock Nov 2017 #3
Never try to time the market. klook Nov 2017 #4
I was scrolling down to make a comment and see you already made most of it. A bit more from me. Yonnie3 Nov 2017 #14
Yes indeed! klook Nov 2017 #16
Some people are saying, not me of course, but many people are saying ... Yonnie3 Nov 2017 #24
Buy on the rumor (or hold) and sell on the news lapfog_1 Nov 2017 #5
I made the mistake of pulling half my portfolio out of the market after the election Beakybird Nov 2017 #7
I've Been RobinA Nov 2017 #15
My no evidence guess is yes gvstn Nov 2017 #8
As it looks like the Repug's are going to pass the Tax Bill in the Senate, I would have thought it OnDoutside Nov 2017 #10
Make sure you are liquid enough to get through another 2008 economic style collapse Yavin4 Nov 2017 #11
I recall a lot of people here saying they were getting entirely out of the market PoindexterOglethorpe Nov 2017 #12
If you can take a decent profit, I would say yes. roamer65 Nov 2017 #13
Historically, the stock market has done well for long-term investors. NCTraveler Nov 2017 #17
Yes. A government shutdown always triggers a loss grantcart Nov 2017 #18
Move to high security cash instruments over the next four months. Blue_true Nov 2017 #19
+1,000,000 Dawson Leery Nov 2017 #21
Half of it yes, and half no. L. Coyote Nov 2017 #20
If these cuts pass, all that cash Dawson Leery Nov 2017 #22
Timing the market usually fails Calculating Nov 2017 #23
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