Tuesday, June 15, 2010

Pitfall 4: Timing The Market


No one can predict what will happen tomorrow or even an hour later. Even the smartest in Wall Street cannot fathom the impact of the financial crisis until the tsunami hit the shore which eventually wiped out giant corporate such as Lehman Brothers, AIG and GM which used to be important pillars in the United States. At the height of the financial crisis, those who played an important roles in the market could not predict the movement of the market and they have no solutions to the crisis.
Even Warren Buffett, the investment guru who thought that market was low and bought into financial institutions in 2008 before the low of the market could not time the market well. What’s more for the street investors like us?
Happy investing....

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