Timing the market? Good luck with that, but I've done okay.
- •Been seeing a lot of threads lately about trying to time the market, especially with all the volatility.
- •Everyone wants to buy low and sell high.
- •It's the dream, right?
Been seeing a lot of threads lately about trying to time the market, especially with all the volatility. And look, I get it. Everyone wants to buy low and sell high. It's the dream, right? But after playing this game for a few decades now, with a portfolio that's thankfully north of $5 million, I've gotta say my experience has taught me a different lesson.
I’m a real estate developer out here in Aspen, so I'm used to making big bets and seeing things through. But even in development, where you can influence the outcome a bit more, you’re still at the mercy of interest rates and buyer sentiment. With the stock market, or even gold for that matter, it's a whole other beast. Trying to time the exact peaks and troughs? Honestly, it feels like a fool's errand for most people. I've always leaned towards a more consistent, long-term approach. Think dollar-cost averaging, holding strong positions. I've been rotating some profits from recent real estate sales into physical gold and silver, adding to my existing holdings, and that’s more about hedging against inflation and geopolitical uncertainty than trying to catch a swing.
That said, I did make a killer move back in 2008-2009. Everything was spiraling, and I doubled down on some distressed assets and aggressively bought into commodities when everyone else was panicking. It felt gutsy at the time, but the payoff was huge. So I’m not saying it's impossible to make a well-timed move, but that was more about identifying deep value in a crisis than predicting daily fluctuations. It was an anomaly for me, not a regular playbook. Most of the time, I’m just steadily accumulating precious metals and letting my real estate projects ride.
So, for those of you trying to time every dip and peak, how's that working out for you? Are you genuinely making more than someone who just consistently invests over the long haul? Genuinely curious to hear some success stories, or even some cautionary tales. What’s your strategy in these crazy times?