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Youre just timing the market, he said.
Sethi said that to understand why this is, we need a bit more context.
First off, we dont know what the markets going to do tomorrow, he said.
It could go up 15%.
In that case, great.
It could go down not so great for you as a market timer.
Thats why market timing is not a great move.
Instead, Sethi recommends investing a consistent amount in regular intervals.
That is how real investment is done.
So I want you to put that into context.
That money is worth a lot in a savings account right now.
Only 25% have $2,000 or more in a savings account.
Thats why for the majority of Americans, saving is typically the wiser choice than investing right now.
If you have your savings account maxed out, go for it [and invest], Sethi said.
Do what you want.
But dont be a market timer in general.
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