Timing the Market is a Sucker's Game

Some of the best investment you'll get: "It's time in the market, not timing the market that counts in the long run." In other words, forgot about market timing, watch Jim Cramer for entertainment purposes only, and follow a "buy and hold" approach to investing.

In today's NY Times, economist Hal Varian analyzes several recent research articles that support the buy and hold approach, and he concludes that:

"Taken together, this research offers yet more support for the time-tested investment strategy of buy and hold. Anything that you think is news is old hat to the professionals. Trying to outguess the market is a sucker’s game."