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Timing Doesn't Have to Be Perfect to Beat Buy and Hold
at 2006-01-23 19:40:19
The most common argument against market timing is that investors will miss the best days of the market and see their returns suffer dramatically. But, before you buy this argument, you should look at the flip side - what happens if you miss the worst days? - says the Society of Asset Allocators and Fund Timers, Inc. (SAAFTI). And perhaps even more likely, what would happen if you miss both the best and the worst days?
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