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Re: leftovers post# 563

Tuesday, 02/16/2021 10:53:24 AM

Tuesday, February 16, 2021 10:53:24 AM

Post# of 976
The worst thing an investor could have done in 2020 was to dump everything in March or April near the bottom. Believe me, plenty of IHUBers did exactly that. And others decided the market was overdue for a retrenchment and fled stocks. Both moves were easy to do and sensible in many ways amid the pandemic. But both moves blew portfolio performance to smithereens.

Fact is, no one, no matter how brilliant or experienced, can predict market performance. Seasoned pros like Buffett never try to time the market. They know that no one is history has been able to outsmart Mister Market. But every IHUBer keeps trying, and with devastating consequences.

Bear markets WILL occur, of course, but almost no IHUBers will get that timing right. They will sell at the wrong time and buy back in at the wrong time.


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