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Why You Shouldn't Try to Time The Market

Show Description

Lots of very, very smart people try to time the market - that is, try to get in and out at the exact right time to achieve the greatest returns. However, studies have shown, again and again, that unless you happen to get extremely lucky, you’re going to end up getting worse results with more volatility.

Embracing the power of the markets and building a portfolio that’s a mix of stocks and bonds that meets your tolerance for risk and ties into your financial plan is not sexy. It can be hard, and it can be painful - but in the long run, it’s how we avoid behavioral blunders and achieve long-term growth. Today’s Financial Detox is all about why the world wants us to believe that we can time the markets - and why this is simply a bad idea.

In today’s conversation, here’s what you’ll learn:

The tax and liability benefits of owning an LLC as opposed to a sole proprietorship.

The difference between true fiduciaries and advisors that receive compensation based on the products they recommend - and how to find an advisor who's a great fit for your specific needs.

Why there’s always data that will reinforce your decisions - and what to do about it.

Why you shouldn’t make your financial decisions based on what guests on CNBC say about hot stocks or where the markets are headed.

The reasons so many extremely smart people refuse to embrace the power of the markets - even though we all do better when we let the markets work for us.

P.S.: Right now, we’re offering our $100 Portfolio Challenge. It’s like a physical for your portfolio; we’ll look at the bonds and stocks you own, your overall asset allocation, goals and objectives, and exposure to volatility - as well as how we can improve it. If we can't, we'll send you a $100 gift card. If you’d like to schedule your Portfolio Challenge, contact us today at!

Interview Resources

Smart Index 401(k)

The content of this radio show is provided for informational purposes only and should not be considered investment advice or a recommendation to buy or sell any types of securities. Mr. Labrum and Labrum Wealth Management/Financial Detox are not responsible for the consequences of any decisions or actions taken as a result of information provided in this radio show and do not warrant or guarantee the accuracy or completeness of the information provided. The information discussed today reflects the views of Mr. Labrum and his guest(s) as of the date of this show and are subject to change without notice.  Past performance is no guarantee of future results. Any forward looking statements or forecasts are based on assumptions and actual results may vary from any such statements or forecasts. No reliance should be placed on any statements or forecasts when making any investment decision. Accordingly, listeners should not rely solely on the information provided today in making any investment decision.
There is a risk of loss from investing in securities, including the risk of loss of principal. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable or suitable for a particular investor's financial situation or risk tolerance. Asset allocation and portfolio diversification cannot assure or guarantee better performance and cannot eliminate the risk of investment losses.


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