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What are resources to become a better strategist?
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Subject Expert
I think you are making some math mistakes. The market didn't go up or down by those kinds of percentages.
Coach
You are right the 1% gains are pretty small.
But mostly the reason not to time the market is because it’s impossible to know what happens next.
Sometimes it bounces back, other times it keeps going down, as much as 30%.
Investing for wealth is a long term game.
Over 10-20 years it’s almost guaranteed the market will go up a large amount, often doubling your investment.
If you investment $1m over 10 years and it doubles to $2m that’s a certain path to retirement and wealth. Other ways are just gambling, (crypto, day trading, meme stocks) and you could easily lose money as much as win
This is what I look at
Subject Expert
Well, half a percent of $15k is $75. That's the math.
The reason people are telling you not to market time is that doing it successfully is very, very, very rare, and you'll do better over time by just buying when you have money and leaving it in.