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D.Muthukrishnan (Muthu), Certified Financial Planner- Personal Financial Advisor

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Archive for the ‘Money Mantras’ Category

Wise words on market timing

Posted by Muthu on January 19, 2016

Some wise quotes on market timing for you to mull over:

1)“Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient.”- Warren Buffett

2) “‘Market timing’ is unappealing to long-term investors. As in hunting deer or fishing for rainbow trout, investors have learned the importance of ‘being there’ and using patient persistence – so they are there when opportunity knocks.”- Charles Ellis

3) “Only liars manage to always be out during bad times and in during good times.”- Bernard Baruch

4) “I can’t recall ever once having seen the name of a market timer on Forbes’ annual list of the richest people in the world. If it were truly possible to predict corrections, you’d think somebody would have made billions by doing it.”- Peter Lynch

5) “Market timing recommendations have an impressive track record of being harmful to an investor’s financial health.”- Peter Bernstein

 6) “I do not know of anybody who had done market timing successfully. I don’t even know anybody who knows anybody who has done it successfully and consistently.”John Bogle

7) “If you’re determined to succeed at investing, make it your first priority to become a buy-and-hold investor.” -Jack Brennan

8) “Do nothing. I think all of this market timing is statistically unfounded. I don’t trust it. You may avoid a downturn, but you may also miss the rise. Choose the risk tolerance you’re OK with and hold tight.” – Eugene Fama

9) “Your very refusal to be active, and your renunciation of any pretended ability to predict the future, can become your most powerful weapon.”- Jason Zweig

10) After receiving the Nobel Prize, Daniel Kahneman, was asked by a CNBC anchorman what investment tips he had for viewers. His answer: “Buy and hold.”

11) “We’ve yet to find anyone who can accurately and consistently predict the market’s short-term moves.”- The Motley Fool

12) “In the long run it doesn’t matter much whether your timing is great or lousy. What matters is that you stay invested.” -Louis Rukeyser

13) “Stay invested. Not only does buy-and-hold investing offer better returns, but it’s also less work.” -Eric Tyson

14) “It’s a staple of personal finance advice: Buy-and-hold, because trading the stock market is a sucker’s bet.”- Larry Swedroe

15) “Investors desperately want to believe they can time the markets, but the statistics tell a different story.” -Liz Ann Saunders

16) “The market timer’s Hall of Fame is an empty room.” -Jane Bryant

17) “We have found that the fund managers who tend to perform the best over time are the ones who spend the least amount of time debating which way the market is heading” -Don Phillips

18) “Trying to anticipate any market’s ups and downs can be a costly, and futile, exercise.-Wm McNabb

19) “Timing the market is for losers. Time IN the market will get you to the winner’s circle, and you’ll sleep better at night.” -Michael Leboeuf

20) “If I have noticed anything over these 60 years on Wall Street, it is that people do not succeed in forecasting that’s going to happen to the stock market.”- Benjamin Graham

21) “Don’t sell out of fear or buy out of greed. Just keep making investments, and let the market take its course over the long-term.”- Norman Fosback

22) “The odds that you will achieve long-term success by actively trading or timing the market round to zero.”- Morgan Housel

23) “Winning with stocks requires only patience, not foresight.”- Jeremy Siegel

24) “People should stop chasing performance and just put together a sensible portfolio regardless of the ups and downs of the market.”- David Swensen

25) “What it really takes to improve your returns and diminish your risks is a willingness to stop focusing exclusively on the movement of the markets.”-Baer & Ginsle

26) “The average investor’s return is significantly lower than market indices due primarily to market timing.”- Daniel Kahneman

27) “Do you know what investing for the long run but listening to market news everyday is like? It’s like a man walking up a big hill with a yo-yo and keeping his eyes fixed on the yo-yo instead of the hill.”- Alan Abelson

28) “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.”- Benjamin Graham

29) “It is in the nature of stock markets to go way down from time to time. There is no system to avoid bad markets. You can’t do it unless you try to time the market, which is a seriously dumb thing to do. Conservative investing with steady savings, without expecting miracles, is the way to go.”- Charlie Munger

30) “I do not believe it possible to play the in and out game and still make the enormous profits that have accrued again and again to the truly long-term holder of the right stocks.”- Philip Fisher

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