What really sticks out to me in 2022 is the myriad of investment strategies that can be employed during a bear market. Your financial advisor wants you to believe that it is IMPOSSIBLE to time the market. Then they can show you charts to prove that it always comes back at some point. In other words, they want you to “Stay Calm and Carry On”.
Sure there is some historical evidence pointing out the difficulty in timing the market. But this “ostrich in the sand” strategy led to about 50% losses for the average investor during the Financial Crisis and Great Recession back in 2008.
