This is not substantive investment research or a research recommendation, as it does not constitute substantive research or analysis. This material should be considered as general market commentary.
Anyone who takes a strong interest in financial markets sometimes feels the pull of market timing. It is seductive to imagine yourself a canny trader, buying or selling positions just before the market shifts, trading investments daily and beating the herd with superior analysis and instincts. While we would love to contradict the common logic, our analysis only adds to the existing research suggesting this is a bad idea, and that taking a long-term view of your investments is the way to go.
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