Worried About a Stock Market Crash? History Says This Mistake Could Cost You Tens of Thousands of Dollars.
In most cases, trying to time the market does more damage than good.
Overview
Nobody wants to see their portfolio fall by 30%.
That's why a lot of investors decide to sell their stocks when it looks like the risk of a market crash is getting higher. If you can get out before the drawdown, you might be able to avoid at least some of the losses, wait for things to improve, and hopefully get back in when prices are lower. At least, that's the idea.
Details
It sounds reasonable enough. In reality, it's incredibly difficult to pull off. Even a lot of the pros have trouble doing it with any consistency.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.