As a financial advisor, I'm constantly reminded that there's more nuance in investing than many of us are led to believe.
This article is a contributed piece as part of a series focused on millennial financial empowerment calledDo you still use the "I before E, except after C" mnemonic rule of thumb to help you with spelling? I know I do. It works and it's clear how to follow the rule., many rules of thumb aren't nearly as clear to implement and aren't nearly as consistently effective.Take the commonly used adage "sell in May and go away.
So, when it comes to investing, my advice is not to try and time the market using convenient rules of thumb. Odds are you will get the timing wrong.I also often hear people say "buy low, sell high." While in theory, this is true, the unanswered questions are numerous.
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