Peter Tuchman

And there's some people when President Trump got elected the first time they went to cash. And both of those groups made a huge mistake because over the time the market went up. So money going in and out of the market is the most obvious market timing. It's a disaster. It really hurts returns. But a lot of people go, that's not really me. I don't market time.

And there's some people when President Trump got elected the first time they went to cash. And both of those groups made a huge mistake because over the time the market went up. So money going in and out of the market is the most obvious market timing. It's a disaster. It really hurts returns. But a lot of people go, that's not really me. I don't market time.

But what they do is they say, I'm going to wait to see who wins Congress or who's the next president. Or is there going to be a war? the war in Ukraine going to expand, and then I'll invest. That's market timing. All of those things are falling into that trap. And the problem with market timing is the market has a very big upward bias.

But what they do is they say, I'm going to wait to see who wins Congress or who's the next president. Or is there going to be a war? the war in Ukraine going to expand, and then I'll invest. That's market timing. All of those things are falling into that trap. And the problem with market timing is the market has a very big upward bias.

But what they do is they say, I'm going to wait to see who wins Congress or who's the next president. Or is there going to be a war? the war in Ukraine going to expand, and then I'll invest. That's market timing. All of those things are falling into that trap. And the problem with market timing is the market has a very big upward bias.

Over time, the market tends to go up, just like the price of a ticket to Disney World or a meal at Chipotle goes up over time. There might be little brief periods of time where the prices come down, but in general, inflation carries things. So the more you're going in and out of the market, the more likely you are to underperform We know statistically 80, 90% of people that market time lose.

Over time, the market tends to go up, just like the price of a ticket to Disney World or a meal at Chipotle goes up over time. There might be little brief periods of time where the prices come down, but in general, inflation carries things. So the more you're going in and out of the market, the more likely you are to underperform We know statistically 80, 90% of people that market time lose.

Over time, the market tends to go up, just like the price of a ticket to Disney World or a meal at Chipotle goes up over time. There might be little brief periods of time where the prices come down, but in general, inflation carries things. So the more you're going in and out of the market, the more likely you are to underperform We know statistically 80, 90% of people that market time lose.

So the odds you're going to win with that kind of strategy are very low. Once you've identified the goal you're trying to accomplish, it needs to be automatic regardless of where the market is. Just continue to invest, keep buying every pay period that you can.

So the odds you're going to win with that kind of strategy are very low. Once you've identified the goal you're trying to accomplish, it needs to be automatic regardless of where the market is. Just continue to invest, keep buying every pay period that you can.

So the odds you're going to win with that kind of strategy are very low. Once you've identified the goal you're trying to accomplish, it needs to be automatic regardless of where the market is. Just continue to invest, keep buying every pay period that you can.

I mean, the biggest part's education. So, Nicole, what you said is spot on. Sometimes what looks high now might not be high in the future. And the reason that's the case is one in 19 days, the market hits an all-time high. Very frequent. So a lot of people go, oh, I'm nervous about investing now. It's an all-time high. All-time high is generally the norm.

I mean, the biggest part's education. So, Nicole, what you said is spot on. Sometimes what looks high now might not be high in the future. And the reason that's the case is one in 19 days, the market hits an all-time high. Very frequent. So a lot of people go, oh, I'm nervous about investing now. It's an all-time high. All-time high is generally the norm.

I mean, the biggest part's education. So, Nicole, what you said is spot on. Sometimes what looks high now might not be high in the future. And the reason that's the case is one in 19 days, the market hits an all-time high. Very frequent. So a lot of people go, oh, I'm nervous about investing now. It's an all-time high. All-time high is generally the norm.

the market is usually at or near an all-time high. And so the best way to safeguard is education. If you really understand, hey, the market does not go up and down. The market goes up with brief periods, sometimes severe and dramatic, but brief periods of pullbacks. Just like prices in the grocery store go up and down, they go up. Just over periods of time, they might come down, right?

the market is usually at or near an all-time high. And so the best way to safeguard is education. If you really understand, hey, the market does not go up and down. The market goes up with brief periods, sometimes severe and dramatic, but brief periods of pullbacks. Just like prices in the grocery store go up and down, they go up. Just over periods of time, they might come down, right?

the market is usually at or near an all-time high. And so the best way to safeguard is education. If you really understand, hey, the market does not go up and down. The market goes up with brief periods, sometimes severe and dramatic, but brief periods of pullbacks. Just like prices in the grocery store go up and down, they go up. Just over periods of time, they might come down, right?

So if you can educate yourself on that, then you automate your savings. That's the best combination of protecting yourself against that market timing mistake.

So if you can educate yourself on that, then you automate your savings. That's the best combination of protecting yourself against that market timing mistake.

So if you can educate yourself on that, then you automate your savings. That's the best combination of protecting yourself against that market timing mistake.