Timing the market is a waste of time and money

The Singapore Exchange Centre in Shenton Way.
The Singapore Exchange Centre in Shenton Way.ST PHOTO: KELVIN CHNG

It is an expensive game - prudent investors should keep their core portfolios fully invested over time

The stock market is now in the late stage of the bull cycle, characterised by heightened volatility. Unresolved issues such as the United States-China trade situation and prolonged Brexit negotiations have also sharpened the sense of uncertainty.

Such an environment can cause investors to behave in ways that are spurred by different motivations but boil down to timing the market - a practice that seasoned investors should know rarely pays off.

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A version of this article appeared in the print edition of The Sunday Times on March 31, 2019, with the headline 'Timing the market is a waste of time and money'. Print Edition | Subscribe