Networth
Do the time if you want your investments to climb
- Published: 3 Jun 2012 at 00.00
- Newspaper section: Spectrum
One of the basic tenets of investing is that you are better off with time in the markets rather than timing the markets, and this week we'll examine why that's true.
With the world in turmoil and markets not responding in ways they historically do, the "time" factor is becoming even more important than timing. Patience is required, and often nerves of steel.
The world's best known investment gurus cannot agree on what will influence markets in the next few months. Most do agree that markets will be higher than today's levels several years from now. This alone tells you that they are more confident predicting the longer-term future, rather than the shorter term.
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