Study: Patient Investing Outperforms Market Timing Attempts Over the Long Term
- Schwab study found investing immediately earned 92% as much as perfect market timing over 20 years.
- Monthly dollar-cost averaging also performed well compared to poor timing.
- Buying only Treasuries was the worst performing strategy.
- Market timing is difficult and risks of mistiming are high.
- For long-term goals, patient buy-and-hold may be optimal over timing attempts.