Financial advisors say you don't need a lot of big wins along the way to build wealth over time.
Colorado financial advisor Matthew Jackson of Solid Wealth Advisors says this is due to the fact that markets have a history of going nowhere but up over time.
Orange County, California, financial advisor Christopher Struckhoff of Lionheart Capital Management says people in general are not great at timing the market because it ultimately involves predicting the future.
AdvertisementTo win at market timing, you have to buy and sell your investments at the perfect moment.
Not only that, but how much of your returns are you keeping after you pay taxes (assuming you're investing in a taxable brokerage account)?
Persons:
—, Matthew Jackson, Black, Jackson, Christopher Clepp, Christopher Struckhoff, Struckhoff, Tony Liddle, Prosper, it's, Liddle, Loren Sherman, Jeff Rose, Anthony Montenegro
Organizations:
Studies, Service, Dow Jones, Solid Wealth Advisors, Strategic Financial Group, Inc, Fidelity Investments, Lionheart Capital Management, Prosper Wealth Management, Dow, Integrity Wealth Management, milli, American Enterprise Institute, AEI
Locations:
Colorado, Chicago, YOLO, Orange County , California, Montenegro