By now, we all logically understand that we can’t time the market, even though we will try.
But Nick Maggiulli goes through a fun thought experiment – what if you knew the future during the pandemic? Would you be able to time the market knowing full well what would happen and when? When would you choose to enter the market?
Why You Can’t Time the Market (Even When You Know the Future) [Of Dollars and Data] – “I would’ve picked November 15, 2020. That was the day before the 95% effectiveness of the initial Moderna trial was announced. That’s the first overwhelmingly positive information among these headlines. Was that the ideal choice?”
LOL no. My choice was worse. It was even later.
Aaaaaand that’s why I don’t bother timing the market.