En historisk gennemgang af markeders reaktion på kriser er, at det er meget svært at “time” markedet. Markederne retter sig forskelligt, men efter 5 år retter markederne sig ud. At holde ud er derfor bedre end “timing”.
Uddrag fra Goldman Sachs:
MARKETS
During times of heightened market volatility and stressed liquidity, many investors feel a strong urge to de-risk and sell out of their equity positions. While timing the market has been notoriously difficult, history has rewarded patient investors who stayed invested over a longer time horizon. As the Chart of the Week shows, what matters most is time in the markets, not timing the markets.
Source: Bloomberg and GSAM.
