Timing the Markets
Traffic jams are unwelcome nuisances. Unless we know the cause and what every other driver on the road is going to do at any given time (which is of course impossible), we can’t know the right route to get to our destination quickly and safely.
Still, you often see impatient drivers who think they can pick the perfect lane that will shave a second or two off of their commute, often only to be delayed even longer. This can serve as a metaphor for investors who try to time exposure to the stock market.
At this point, there’s no compelling or time-proven approach to time the market with consistent success, yet it’s a question we’re often asked as financial professionals: “Is now a good time to get out of (or in to) the market?”
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
Contact Information
Daren Seekins, CFS Northeast Planning Associates
Phone: 207.862.7247 Email: dseekins@northeastplanning.com
Located at Maine Savings Federal Credit Union 671 Broadway, Bangor, ME 04401 Business Hours: Monday - Friday: 8:00 a.m. - 5:00 p.m.
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