2883: The Near-Zero Benefit from Timing the Market by Jesse Cramer of Best Interest on Money Habits

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🗓️ 29 September 2024

⏱️ 11 minutes

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2883: Jesse Cramer reveals why attempting to time the market rarely pays off, using the stories of three investors to show that even perfect market timing only marginally improves portfolio outcomes. The stress and uncertainty of waiting for the "right moment" often outweigh the minimal financial benefits, making a steady investment approach more appealing. Read along with the original article(s) here: https://bestinterest.blog/the-near-zero-benefit-from-timing-the-market/ Quotes to ponder: "Zero skill, zero luck, zero stress. He just kept on buying. And he’s in a great place." "This is a scenario where the juice simply isn’t worth the squeeze." "While your money is out of the market, sitting on the sidelines, what will you be thinking? Are you going to be relaxed, with ice in your veins?" Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	How does stop losses work on Cracken? Let's say I have a birthday party on Wednesday night, but an important meeting Thursday morning.
0:08.0	So sensible me prebooks a taxi for 10 p.m. with alerts.
0:12.0	Voila, I won't be getting carried away and staying out all too.
0:16.0	That's stop-loss orders on Cracken.
0:18.0	An easy way to plan ahead.
0:20.0	Go to Cracken.com and see what crypto can be.
0:22.0	Don't invest unless you're prepared to lose all the money you invest. Go to Cracken.com and see what crypto can be.
0:22.8	Don't invest unless you're prepared to lose all the money you invest.
0:25.2	This is a high-risk investment, and you should not expect to be protected if something goes wrong.
0:28.8	This is optimal finance daily, the near zero benefit from timing the market by
0:37.9	Jesse Kramer of best interest dot blog and I'm your host and personal finance enthusiast Diana Merriam.
0:46.1	Now let's get right to our next article as we optimize your life.
0:51.4	The near zero-zero benefit from timing the market by Jesse Kramer of Best Interest
1:00.0	dot blog.
1:02.4	Bear markets make you question,
1:04.0	should I wait for the bottom?
1:06.0	In fact, Reader Paulson recently wrote in to ask,
1:10.0	quote,
1:11.0	Jesse, I'm not tempted to sell anything in my 401k or Roth IRA,
1:17.0	but I don't know why I should continue buying at this point
1:20.0	with the market doing what it's doing.
1:22.0	It's not going up anytime soon.
	...

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