How to Successfully Time the Market
Ok, here’s a game for all of you looking to get a job in financial markets and investments. It’s a guaranteed way in which to successfully time the market. Yep, you heard it right. Successfully time the market.
Imagine you want to make big bucks publishing a stock market newsletter. You need first to convince potential subscribers that you have the skills worth throwing money at. But what if you have no market prediction talent? The solution? Start eight market newsletters.
In year one, let four of your newsletters predict an up market and four a down market. In year two, let half of the originally optimistic group of newsletters continue to predict an up market and the other half a down market. Do the same for the originally pessimistic group. Continue balancing out the up and down markets across the eight years.
After three years, no matter what has happened to the market, one of the newsletters would have a perfect prediction record. It’s the numbers game of probabilities. Now we simply get rid of the seven unsuccessful newsletters and market the eighth one based on its perfect track record.
Genius. Well, actually it’s illegal, but it just shows you the smoke and mirrors that can be used in the world of forecasting.
Don’t be sucked into believing anyone knows all the answers. We’re all bluffing. It’s the lives we live. No one can predict the future.
And that goes for your career. It’s about being prepared and flexible. And sort out your personal finances. Make sure you have an enticing LinkedIn profile that is ready and up to date. Sort out your resume. Be alert but don’t assume anyone actually knows how your career or industry will play out. And don’t believe anyone that guarantees they can time the market.
