Just like buying and selling your home each time the real estate market rises and falls doesn’t make sense, it doesn’t make sense to buy and sell your investments to try to time the market. Wealth isn’t built with one great trade.
This recent article published in The Globe and Mail provides great insight into the market volatility we saw in December 2018. It also speaks to the risks of market timing, when just a few days to make a significant difference in your entire year’s return.
https://www.theglobeandmail.com/investing/markets/inside-the-market/article-investors-are-their-own-worst-enemies-data-show-canadians-struggle/