Often we are hearing FAs or vested interest telling us not to time the market but stay invested for long term.
1. What is actually market timing?
2. What is stay invested for long term?
Uncle8888 has been staying invested for 20 years and definitely qualified to be classified as long term investor. No meh???
Why long-term investor cannot be timing the market? Wrong meh?
Is this long-term investing and timing the market mutually exclusive?
You believe in FAs and Vested interest selling investment products?
You don't time the market but stay invested for long term.
Hmm .. they worry about redemption if you time the market???
Time the market and stay invested for long term is like this. No?
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1 hour ago
Hi Uncle8888,
ReplyDeleteToo many vested interests ... includes both buy & forget as well as buy, sell, buy, sell :)
Those who earn on trading commissions will have "special whatsapp group" to tell you when to buy & when to sell. Which hot names are sure to gap up & surge, and better sell your mediocre stocks to buy this hot one first!
Agents & FAs aiming to hit sales bonuses (or keep their jobs) will hint to sell your current old-fashioned endowment or ILP or wholelife, and buy their brand-new shiny 100% improved plans with 1,000 features. LOL!
Hmm .. once my FA advised to take profit on one ILP and switched to another ILP. Real happening.
DeleteHmm, most ILPs allow switching or re-allocation of internal funds at no cost (the build-in annual fees are more than high enough LOL!).
DeleteIf FA meant canceling/closing existing ILP and open a new one, that's churning & illegal under SF and FA Acts. Hoho!