Buying at the absolute bottom would be amazing, but I do not think a perfect entry is necessary to make a good investment. If the fundamentals are strong, buying reasonably close to the bottom can still produce excellent returns.
Knowing the exact top seems far more valuable. It eliminates one of the hardest decisions in investing: deciding when optimism has gone too far. I could let winners run without worrying about selling too early, then exit before the reversal.
My worst attempts at market timing usually come from waiting for an even better entry. Sometimes the market rebounds before my target is reached, and I end up buying higher or missing the opportunity altogether.
So definitely B for me. I can tolerate an imperfect entry, but give me the perfect exit! 😂
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- CatherineGunter·10-21 16:23I get the appeal, but perfect exits assume tops are knowable. Bottoms at least have valuation anchors; euphoric tops usually detach from fundamentals first lolLikeReport