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The greatest threat to your investment success could be you

What does the evidence tell us about our ability to predict the best times to buy or sell?

Being a long term investor requires being prepared to see through the market’s ups and downs. It also requires being able to manage the highs and lows of your own emotions and cognitive biases.

It’s impossible to ignore the constant flow of news and opinions about what is happening in the markets and how investors should react. But what does the evidence tell us about our ability to predict the best times to buy or sell?

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Patrick,
You article is spot on. However rarely do we see comments on the plight of pensioners esp those that are invested in the markets. We keep hearing don’t put too much money into cash.

Fortunately I am on a Pension fund have Cash on Fixed deposit for my wife and I. Interest on both just under the allowable R34500 is then channelled R3300.00 each into a TFSA every year.

The point I am making our feel sorry for Pensioners that have Market exposure only via a Annuity with max 4% drawdown in this present climate.

I have a LA as well and just all over the place

WJS

@Wally, exactly. No advice for the times when you may be forced to sell e.g.

– when leaving the employer pension fund.
– when redeeming equity funds to fund monthly income requirements
– when your estate has to transfer your living annuity to your heirs.

I’m tired of hearing “don’t try to time the market”.

I wonder how many times the statement “don’t try to time the market” is made by technical annalists.

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