When I heard the market on Thursday, November 20 had dropped to its lowest point in 20 years I said I have got to buy. On Friday afternoon at 3 PM EST I put my order in and was pleased that the market had remained flat that day. When the market heard Frank Kim was buying it was an immediate bull signal. In just a few minutes the market shot up 6% and on Monday it shot up another 6%.
One would think this would be a happy story but it is not because I am buying mutual funds and they do not execute until the end of the next business day. In two days I lost over 13%.
On the bright side the market continued to go up for the rest of the week and I am up 2%.
It just goes to show you can’t time the market and you really can’t time it using mutual funds.