Lessons in investing

Lesson 5: Does timing the market work? 

Investors are used to hearing  that it’s a ‘great time to buy’ or the ‘ideal time to sell’. Messages like this make up most of the headlines in the money pages. 

The trouble is, they’re rarely right. The best time to buy is when equities are at their lowest point, before they start to rise in value again. But who knows when this is going to be?