History Says Investors Who Built the Most Wealth All Have This 1 Thing in Common
Recognizing what you can and can't predict with any reliable consistency forces you to use an approach with clearer, higher odds.
Overview
Let's face it. Some investors just do better than others. There are several arguable reasons why, ranging from picking better stocks to keeping their expenses low to optimizing their portfolios' allocations.
More than anything, though, the world's most successful investors don't try to do the one thing they know they can't do reliably well enough. That's timing the market.
Details
What's market timing? Simply put, it's an effort to regularly buy low and then sell high. Rather than holding periods measured in years that ride out any interim ebbs and flows, market timers aim to capitalize on those ebbs and flows by selling at peaks and buying at bottoms.
Source
Originally published at www.fool.com.