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UBS: ‘Buy low, sell high’ is a fallacy

Traders work on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell on August 15, 2018 in New York City. U.S. stocks fight to avoid a hard beat in global markets due to fears of economic chaos. There are some worries that Turkey should join into emerging markets denting global growth. (Photo by )

  • “Buy low, sell high” is a common mantra in stock markets.
  • But it’s actually a “fallacy”, argues UBS’ Justin Waring.
  • If you wait for the market to dip before buying in, you could miss out on big bull runs.
  • It’s much better to just buy stock and hold it for the long-term, he argues.

“‘This time is different’ is not the most dangerous phrase in finance,” according to UBS’ Justin Waring. “That honor goes to ‘buy low, sell high.'”

Waring, Investment Strategist Americas in the Chief Investment Office of UBS’ Wealth Management division, called the phrase a “fallacy” in a note sent to clients this read more >>>

Source:: BusinessInsider.Com

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