Everyone loves a deal but often investors fall into the trap of an emotional buy, “that low-priced stock is a bargain, and I should buy it.” A five-dollar stock that moves to $10 is a 100% gain it doubles your money; that feels like a win-win, right? Unfortunately, it’s an emotional way of buying stocks. A rational analysis would be that a low-priced stock is not usually a “cheap” stock but may actually be fairly valued or even overvalued.
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I spend most of my time as a Financial Advisor telling my clients not to try to time the market. Study after study shows that no advisor can consistently time the market, as you have to be right not once, but twice. First, you have to guess when the market will begin to tank, sell it all, then know when to jump back in after the market has bottomed out and is ready to take off again. But there is one exception to when I can confidently say that you should and could time the market, and that . . .