RESISTING THE CALL OF MARKET TIMING
What a ride these past six months have been! Before reaching the mid-point of the calendar, equity investors endured the climb to all-time highs, a harrowing 34% bear market drop and a rapid 44% rebound. To put that experience in context, a typical market cycle plays out over three to five years. Faced with this volatility, some investors resorted to various forms of market timing despite its proven lack of success. After a brief review of the temptations of market timing and its negative impact, we outline actions an investor…