Those of us that are money managers know this, but lay people don’t always realize how true this is.
While talking to someone yesterday this came up in conversation. This person recently inherited a large sum of money from a relative that worked a blue-collar job. What this relative did was regularly save from every paycheck to invest in what they deemed to be quality companies. Initially they invested in individual stocks as mutual funds were not widely available. As the investing world changed and became more assessable, they bought mutual funds. They point this relative made to the person I was talking to was “time in the market is what matters, not trying to time the market”.

This is a statement that I have lived by in the almost 40 years I have been managing money for my clients. It may sound trite, but it has been proven to be true many times over.

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