Neither individual nor professional investors have consistently made accurate calls on the direction of the markets. However, this doesn’t stop individual investors from trying to time the market. Chief Investment Officer Dr. Burton Malkiel explains why market timing is such a costly mistake and what you can do to prevent yourself from making it.
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This article is not intended as tax advice, and Wealthfront does not represent in any manner that the outcomes described herein will result in any particular tax consequence. Prospective investors should confer with their personal tax advisors regarding the tax consequences based on their particular circumstances. Wealthfront assumes no responsibility for the tax consequences to any investor of any transaction. Investors and their personal tax advisors are responsible for how the transactions in an account are reported to the IRS or any other taxing authority.