Majority of successful investors today and of the past say that accurately timing the market is very hard and nearly impossible. Some would say it's a fool's errand or a fool's game. Personally, I would have to agree with these people based on my experience during the March 2022 Philippine stock market crash (all of the markets around the world crashed, by the way). And the cryptocurrency crash last June 2021 and just recently, the crash this June 2022. In today's episode, we discuss how we can position ourselves for success just by being invested in the market for the long term.
Also, credit to Gotrade for their newsletter, which prompted me to record this episode. And here are some of the quotes from successful investors about timing the market:
Warren Buffett: "The real fortunes in this country (USA) have been made by people who have been right about the business they invested in, and not right about the timing of the stock market."
Bernard Baruch: "Only liars manage to always be out during bad times and in during good times."
Benjamin Graham: "In the financial markets, hindsight is forever 20/20, but foresight is legally blind. And thus, for most investors, market timing is a practical and emotional impossibility."
Nick Murray: "Timing the market is a fools game, whereas time in the market is your greatest natural advantage."💲Peso Smart PH is a channel that aims to educate Filipinos on how to handle their money better, invest in the stock market, take advantage of compound interest and discuss all things personal finance. I'm an avid fan of Warren Buffet, Mark Cuban, Gary Vaynerchuk, Robert Kiyosaki, Og Mandino and Tony Robbins. I wanted to share this journey with you guys to broaden my understanding and knowledge in the world of investing, money and wealth.
📃 Disclaimer: I'm not a financial advisor and I simply share my experiences and knowledge in the Philippine stock market. All my content are made for educational and informational purposes only and should not be deemed as financial advice. Trading stocks, cryptocurrencies and ETFs poses a risk of loss.
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