Many of you have been asking about whether or not now is a good time to invest because the market hasn't exactly been steady. It's understandable that you're protective of your hard-earned money and don't want to see your account dip because of a down market, but that's not what you should focus on when thinking about your retirement investments especially. I have an opinion of market timing that not everyone shares, but it's one that has worked for some serious professional investors. To see what it is just read more
Timing the market is one way that people get their emotions mixed up with their investments, and emotional investing is risky in itself. Rash decisions can be made when you're trying to protect not only your nest egg but your ego.
Because you're investing for the long term, your account is going to have time to ride out the market cycle — which you can't control. In fact, at the Berkshire Hathaway Annual Meeting With Shareholders on May 1, 2005, Warren Buffet admitted that he and the vice president of the company agree on their market sense: "We spend no time talking about what the stock market is going to do, because we don't know."
So, moral of the story? Don't try and time the market because there's just no point. Maybe it is time for you to look into a Roth IRA.