>>60605207The thing you didn't consider: 90% of all market gains are made in 10% of trading days. If you aren't in the market for those massive recovery days, you will literally be underwater YoY. That's why it's a fool's game.
Rich people don't play market timing. Instead they consider risk and allocate hedge positions during high risk times. If it doesn't pan out, no harm done, if it does, you have a chunk to reinvest with and mitigate the damage. The only truth about American stocks is that they always go up, so going against the current is dangerous.