> You can't time the market reliably.
There's an entire profession doing that: traders. But for most people, yes, it is not worth it. No argument there. I just don't like conspiracy theories and that line of thought, it's cheap and stupid.
There's an entire profession doing that: traders. But for most people, yes, it is not worth it. No argument there. I just don't like conspiracy theories and that line of thought, it's cheap and stupid.
Well no, there's an entire profession trying to time the market. The data is not favourable as to their ability to actually do it at a rate greater than random chance.
But.
I also don't think it's reasonable to label as a conspiracy a claim that markets are rife with cheating, insider trading, etc. Just look at the current US Presidents profit margins.
Is that systematic, organized, conspiratorial, rich v poor market rigging? No. But it would be naive, I think, to believe that the rich aren't significantly advantaged in the market in ways that the average person isn't. There is, after all, a reason payment for order flow exists as a valuable thing.