Frances Cook

the thing i wish i'd had when i was starting out you can sign up for free at franciscook.co.nz slash invest that's franciscook.co.nz slash invest but don't worry i'll put the link in the show notes and the description of this podcast all right back to it you mentioned previously as well about timing the market and that that phrase of it's not timing the market it's time in the market

It's a classic.

It's a classic for a reason, but I feel like it gets bandied around so often that we don't actually talk about what we're meaning when we say it.

So could you give me a quick overview on when we talk about timing the market, what is that?

Why is it a problem?

Well, this is the thing.

I mean, this is off the top of my head.

So I'm pretty sure these numbers are right, but the details might be wrong.

Nobody hold me to this.

But S&P, you know, as we've been talking about a lot, famous, you know, index fund aggregator, indices aggregator.

And they also put out so much fantastic research.

They are watching the market all the time and crunching the numbers, very smart people.

And they just put out some new research showing, now I believe it was over the last 15 years or

86% of active fund managers underperformed the index, which is like 86% is a wild number.

That's huge.

And you can take this from different times, but that's a pretty long period of time.

Those are professionals.

Those are people who studied.

They probably have their master's in business and finance and all that stuff.

They're very, very smart people.