Quote:
Originally Posted by KGB
You know one of the major rules for the market? DO NOT TRY TO TIME THE MARKET, it is simply impossible. You may be correct on one end but you will miss on another. If your timing is 2-10 years- just sit tight.
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I couldn't disagree more. I play the market swings, and have for 25 years, averaging around 30% return. If you don't know what you are doing, then yes,don't bother. I do know what I'm doing, and do well. Got very lucky getting in Aurora early and cashed out about 2 years ago. Got a 5x return in TFSA (no taxes for you turdoe!!!), then diversified into different funds, 32% last year. If you pay attention and know your stuff, can be very profitable.
I'll be back in when the DOW hits 24,000. Until then, it is about preserving capital, not looking for swings.