If you have money in the market and pull it out when you think the market will go down and then buy when you think its going up you are market timing. If on the the other hand you have funds in the bank and see the market take a huge plunge and decide to invest its not market timing its good investment policy.
I presume you also made money during Obama's first 37 months in office when the DJIA went up more than 60%? which was a higher return than Trump's first 37 months in office
So if you had money to invest you would do so whenever the urge struck and pay no attention to market conditions? No wonder you have no money to invest. LOL
Err, the market went up over 60% during the first 37 months of Obama's presidency - people were not selling
I was referring to buying when the market initially crashed as it just did again. That's the time to buy.
But remember, Quantum, we are a truly first-world country, and most of China is not. We don't have millions of people using unimaginably unsanitary public "squat-toilets". And our standards for growing, storing, and cooking food products are very different. Example: when was the last time you ate live eels, or ate a snake, a bat, a cat, a dog, a horse, a monkey, or an anteater? I don't know whether the speculation about how Corona virus escaped from a biological weapons research lab is true or not, but any huge metro area throughout most of China would be a great place for a pandemic virus to get started. The standards for hygiene and health generally are abysmal throughout China and most of East Asia.... So, naturally, THAT'S where we have nearly all our pharmaceutical medicines and vitamins manufactured -- right...?! Because it's so much cheaper for the drug and vitamin companies -- even though you and I pay through the NOSE for all of this crap.... . Public 'squat-toilets' in China! Really 21st-century... right?
So the answer was no, you did not bother to read the thread created by someone who supports Trump but created an unpolitical thread
Market was rebounding form a crash. Earlier you got in the better. Surprised you need this explained.
Those style of toilets are actually more hygienic as they are easier to clean assuming they are cleaned regularly and properly. Toilets with doors, soap dispensers, door locks, seats and other accessories touched by many hands etc are very unhygienic. Squatting is much more hygienic than sitting on a seat.
Uh-huh... sure.... Meditate on your observations the next time you, or someone you see at the 'squat-toilets' miss-the-target, or have a 'splatter' incident. The mere thought of it kind of dents my appetite for a luncheon of bat-soup and a side order of parboiled snake.... Afterthought... did you ever have to 'go' when you were way the hell out in the country somewhere, like driving around up in the Rocky Mountains, far from a public restroom? Maybe even if you had a roll of toilet paper in your Jeep somewhere, and some hand sanitizer. How would that compare with using a modern bathroom? No, sorry... I've BEEN in public bathrooms in East Asia, and there's NO way in the world that I would compare those with what we routinely use in 'the West'....
I have seen many modern bathrooms with pools of urine and other matter over the floors. I hate using seats in cubicles and worse still having to unlock the door knowing that previous occupants may have had feces on their fingers - those locks are not cleaned ever
The Oracle of Omaha jumped in to buy a million shares of Delta Airlines. "When others fear be greedy." Yes Sir, greed is good, very good.
Yes, I pay no attention to the noise of daily market forecasts. But, no, I don't but when urge strikes, I buy every two weeks when I get my paycheck, according to my pre-determined asset allocation, based on my risk tolerance. other than that, I re-balance, when this asset allocation deviates by +- 2% from the pre-determined value. No emotions involved, and that's an advantage. Buying on a low would be common sense, IF anyone could actually figure out when the low is. Since nobody can figure out when the low will be, however, it is against common sense to "buy low".
So, having money sit on the sidelines already is market timing by itself. It means that you didn't invest when the money was available, but you rather waited to invest it, because why? Maybe because you felt the market was overvalued? I rather DCA into my account at times pre-determined by my paycheck. Works best for me, and takes the emotions of the decision making out of the process.
