re: Anybody cashing out when Dow hits 30K?

quote:

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He let it slip the other day that he ought to get back in soon. With an astonished look, I asked him why and when he got out? He said his financial advisor told him to on March 25th. As of today, he has missed out on about 44% gains since the day he got out.

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An excellent example why market timing is usually a losing approach to investing. It's almost as if nobody really knows what the market is going to do in the near future.

Or, as Warren Buffett once replied when the Dow Jones Average closed above 10,000 for the first time and he was asked in which direction, up or down, was the next 1,000 point move in the Dow Jones going to be?

He said, "I have no idea if the next 1,000 point move on the Dow Jones is going to be up or down. But I know with almost 100% certainty which direction the next 10,000 point move will be.....UP."