ilmscore | Prediction Details
"Bank of America did a study on this they looked at the stock market between 1930 to 2020 and what they found is that if you were able to time the market perfectly and you invested your money for all of these nine decades but you did not have your money invested in the 10 worst days of every year of these 90 years well then over these 90 years you would have seen your money grow around 3.7 million per because you were able to perfectly time the market and not have your money in the market on the 10 worst days of every year but then they said if you're not able to time the market goodly and you invested your money in the markets for these 90 years but now you did timing the wrong way meaning you missed the 10 best days of every year of each of these decades well now if you miss the best days you'll return over these 90 years would have only been 28% not 3.7 million but now 28% just because he missed the 10 best days but if now you didn't try to time the market and he just had your money in the markets for these 90 years well then your money would have grown by 17,700 per."
By Minority Mindset | July 14, 2024 | Pending
From video
Investing Mistakes That Will Cost You Thousands - Don't Do These 7 Things 00:03:06 - 00:04:17
Interpreted Prediction
A Bank of America study from 1930-2020 showed that perfect market timing (avoiding the 10 worst days each year) would yield a 3.7 million% return, while missing the 10 best days each year would result in only a 28% return over 90 years. Simply staying invested without trying to time the market yielded a 17,700% return.

Prediction Details

Topic
Market Timing

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