Hello, Winebers, my name is Jesse Meek and this is podcast number 351 for Wineb, where we teach you four rules to help you stop living paycheck to paycheck, get out of debt, and save more money. I was

strolling past the business section of the New York Times on Caitlin's desk

here at the Wienab HQ and this little blurb said how to time this

market and it was a little blurb for a column that was buried inside and I thought that's a stupid

stupid name or stupid little hook to get people but it does it's just so alluring

you don't time a market you if you did do it right you got lucky and if you didn't do it right you're like most people so when people talk about timing the market they're talking about buying low and then riding that market high and then somehow knowing

when to sell as well you have to be right twice you have to be right in that you

bought early or I should say bought early you bought at the right time when prices were

low whatever that may be and then you also it at the right time when prices were low, whatever that may be, and then you

also sold at the right time when prices were high whenever that may be.

So you have to be right twice.

It's hard to be right one time.

However, if you just continually buy into the market, and I mean broadly the

market, when I say the market I mean you're buying a fund that invests in the total stock market available.

There's Vanguard's Fund, every major fund house has these, these total stock market funds.

And you buy into those. If you've read my friend Jim Collins book

The Simple Path to Wealth you will be very familiar with this idea but you're just

always buying and that way you're right a lot of the time because you're just always into the in the market.

Now you don't sell ever because selling means that you've incurred transactional costs,

it means you've incurred capital gains taxes,

and I don't say unless you're in a tax free account,

which may be the case.

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