S&P at 6 month highs. Another lesson on not trying to time the market

[benisse]

This sub had lots of people in the latter part of last year talking about how they had gone to cash, or how they were sure that things would go lower because there’s so much bad news.

Where are we now, we’ll that bad news is still about however as was the case last October that bad news was already known. Very few of us have any real insight here and you don’t know something the market doesn’t.

Stop trying to time the market. If you’ve a lump sum that needs investing just do it. Leave the market timing to the professionals who are also pretty bad at it.

 

[ashleys87]

@benisse As they say, it's all about time in the market and not timing the market.

 

[manyarecalled]

@ashleys87 And then there's me still holding three emerging markets mutual funds since 2007, and after 16 years they're still in the red

 

[a3yan]

@manyarecalled Emerging != S&P

 

[raymundo87]

@benisse USD has weakened by 7% v the EUR in the last 6 months. Also it was 4% higher on 16th August.

 

[timmysfriend]

@benisse Quick question - which investment trust best mimics the S&P? Not ETF, investment trust only.