Some people might get lucky with random timing in the market, however being able to do it long term accurately and consistently is quite impossible. This is not just my opinion and it has been studied quite thoroughly. For example, an investing firm analysed the investing data between 5 different groups of investors between 2011 and 2020 and this is what they found:
Hypothetical $2,000 annual investments in S&P 500 Index.
Sitting on a net worth of just over 100 billion dollars, Warren Buffet is the seventh wealthiest man on the planet as of April 2021. If you were to ask him the single greatest contributor to his immense wealth, Mr Buffet would undoubtedly refer to his teacher and mentor, Benjamin Graham.
Is Alibaba a good buy or should I sell it now? This is probably one of the hottest questions being discussed not just on Wall Street, but among retail investors as well. With its price dropping from USD$317.0 in Mid Oct 2020 to USD$236.26 on 29th Dec 2020 as Alibaba is hit by waves of ‘bad news’. As Jack Ma Criticises the Chinese Government, Ant Financial IPO suspended and Chinese Government investigates Anti-trust violations.