Wealth Decision #7- Don't Try To Time The Market

Peter Lynch once said, “Far more money has been lost by investors trying to anticipate corrections than lost in the corrections themselves.” “The idea that a bell rings to signal when to get into or out of the stock market is simply not credible. Though tempting, trying to time the market is a loser's game.The old adage, “It's not about timing the market, but about time in the market,” has been proven true over the years. Research shows that those who stay invested over the long run in a well-diversified portfolio will generally do better than those who try to profit from turning points in the market.To schedule a Discovery Call go to: ⁠⁠https://www.momentouswealthadvisors.com/contact⁠⁠For more information on stock investing go to: https://www.momentouswealthadvisors.com/stock-investingPre-order my new book "Momentous Decisions: 7 Steps to Better Health, More Wealth, and a Richer Life" at:⁠⁠⁠⁠https://www.momentouswealthadvisors.com/bookTo use the financial freedom calculator go to: ⁠⁠https://www.momentouswealthadvisors.com/tools⁠⁠Brian D Muller(AAMS©), Founder, Wealth AdvisorPodcast Disclaimer:The Wealth Decisions Podcast is provided solely for general information purposes and should not be construed as accounting, legal, tax, or any other professional advice. Visitors are advised not to act upon the information or content found here without first seeking appropriate guidance from a qualified accountant, financial planner, lawyer, or other relevant professional.Please note that any federal tax advice is not intended to be used to avoid penalties under the Internal Revenue Code or to promote, market, or recommend any transaction or matter addressed herein. It is important to ensure compliance with the requirements imposed by the IRS and Circular 230. We strive to ensure that the content published on the Wealth Decisions Podcast is accurate and up-to-date. However, we cannot guarantee the accuracy, timeliness, or relevance of any of the information provided. We are not responsible for any information present on the Wealth Decisions Podcast and disclaim any liability for the accuracy, completeness, or reliability of any information. This includes but is not limited to, any errors, omissions, or misleading or defamatory statements.Takeaways: Investing is not about timing the market, but rather about having time in the market. Historical data reveals that many of the best market days occur during periods of downturn. Emotional decision-making can lead to suboptimal investment outcomes, particularly during market declines. Diversification across various asset classes can mitigate risk and enhance long-term investment success. Regular investments, such as dollar-cost averaging, can be more beneficial than attempting to time market fluctuations. A well-structured financial plan should precede the construction of an investment portfolio tailored to individual goals. Companies mentioned in this episode: Hartford Mutual Funds Fidelity Magellan Charles Schwab S&P 500 Longboard Asset Management Russell 3000 Momentous Wealth Advisors