by Tim Walsham, Claritas Wealth
A famous quote from Jack Bogle, founder of the gigantic investment fund manager Vanguard:
It’s really tempting to feel like timing your way in and out of the market is what investing is all about. Surely that’s what the smart cookies do?
Well they might try but the data shows that it’s a really, really bad idea.
Difficult as it is, it’s a much better idea to set a sensible course (based on the level of risk you can tolerate and when you need the money) and stick to it.
The last part is actually quite difficult and many people take some convincing. Amongst a good few other thing, that’s what we do for a living!
