Making Money Minute with Ron Hiebert - Time vs Timing
One of the great investment myths, is that really smart investors can consistently buy at the bottom. The chances of doing that with any regularity, are between slim and none. If you bought an Exchange Traded Fund that tracked the Dow Jones Industrial Average, your odds of buying it, at a one time low, are only 3%. The big money is made investing in a great company at a fair price and then continuing to add to it over time. Picking winners and letting them run, is how money grows exponentially. Quality and time consistently beat timing. For more information listen to our Making Money podcast with Ron Hiebert and Graham Hicks at letsmakemoney.ca or CFCW.com.
