Investors seeking long-term wealth creation are often caught up in the belief that they can pinpoint the precise time to buy or sell to reap the maximum benefit, but the strategy could backfire.
According to LJ Hooker’s head of growth, Matthew Tiller, there is no perfect time to buy or sell.
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He said that by trying to time the market perfectly and base their decision on short-term blips instead of long-term fundamentals, investors can miss opportunities and jeopardise their wealth creation goals.
While many investors decide to purchase at the bottom of the cycle and sell at the peak, Tiller said it wasn’t possible to know the exact stage the market was at until…
