Curated Links: 04/22/2024 – Why Market Timing Doesn’t Work
Why Market Timing Soesn’t Work
S&P 500 is up 14% this year, but just 8 days explain the gains. If you want a simple indication of why market timing is not an effective investment strategy, take a look at the data on the S&P 500 year to date.
Source: CNBC
The Psychology of How to Stick to Your Goals
One exciting thing about new year time for many, is that you get to make new goals and resolutions, perhaps with a renewed sense of vigour and enthusiasm. With every new year, you are availing yourself a great new opportunity to reflect, restore and turn a new leaf and though I appreciate you can do this any time of year, the new year tends to be a time that many choose to do so.
https://www.adam-eason.com/the-psychology-of-how-to-stick-to-your-goals/
Source: Adam Eason
Overthinking Your Money: Avoiding analysis paralysis
When it comes to your finances, there are a couple of ways to sabotage yourself. One is not putting enough thought into it.
The other is putting too much thought into it. Overthinking – becoming obsessed with minor details, twisting yourself into a pretzel, getting overwhelmed with choices and doing nothing – can be just as damaging to your financial future as the opposite.
Source: Reuters
4 Steps to Get Over Investor Paralysis
As common as investor paralysis is, it can be avoided. Having a plan, diversifying holdings, understanding how markets work and streamlining information are a few ways investors can build up their courage and flex their investing muscles.
Source: US News
What Happens When You Fail at Market Timing
The impact of being out of the market for just a short period of time can be profound, as shown by this hypothetical investment in the stocks that make up the Russell 3000 Index, a broad US stock market benchmark.
https://www.dimensional.com/us-en/insights/what-happens-when-you-fail-at-market-timing
Source: Dimensional