SIPs and the temptation to time the market

A popular stock-market adage is 'Time in the market is more important than timing the market'. It may be a popular principle but unfortunately not many observe it in practice. Due to some quirk in human nature, we tend to be overconfident of our ability to predict the future. So we end up timing the market. Or at least trying to. The curious thing about market timing is that the market almost unfailingly moves in the opposite direction to what you would expect. If you buy shares in a company thinking that 'this' is the right time, you are appalle

This article was originally published on September 21, 2020.