The Basic Rule To Follow
The best time to sell is when the economy is peaking, which is counterintuitive for many people. People want to believe the good times are going to keep rolling. Alternatively, the best time to buy is when the market is still tanking but close to reaching bottom. It’s hard to have faith when everything looks so grim; it takes a lot of self-discipline to time the market like this. We’ve all heard the old saw, “Buy low, sell high.” It’s so obvious, and it gets repeated so often that people take it about as seriously as they would a nursery rhyme.
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Ahead of the Curve will arm you with the knowledge you need to deflect useless theories and reject hype. Economic analysis can be a do-it-yourself activity. Instead of tracking absolute increases and declines, the methods in this book look at changes in growth to make economic forecasts. The tools are based entirely on examining historical data for recurring patterns.
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The best time to sell is when the economy is peaking, which is counterintuitive for many people. People want to believe that the good times are going to keep rolling.
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The market finally bottoms out. But...
The Twelve Silliest (and Most Dangerous) Things People Say About Stock Prices
- IF IT’S GONE DOWN THIS MUCH ALREADY, IT CAN’T GO MUCH LOWER.
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