There are many charts which show how ‘missing the 5/10/15 best days’ over the course of a number of years can affect the returns on your investments. When stock markets move, they move both quickly and unpredictably, as investors/sheep try to get on or off the bandwagon. That’s why most of those who try to be clever and ‘time the market’ end up losing out and the very few who get it right (like the Big Short guy) gain guru status for a while, until they get it wrong (remember Neil Woodford?) My advice, stay invested, and it will be alright in the end. And if it’s not alright, it’s not the end yet…
“Letter of authority: Why now is the right time for change”
This may sound like a non-issue from outside the world-of-financial-advice bubble. It is the bain, however, of the daily working lives of many of us, particularly of those paid by we advisers to do the dirty work of dealing with the many providers with whom we have to work.
