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10 things you have to know to retire rich

Mediafeed Logo By Jim Wang of Mediafeed | Slide 1 of 11: We have all heard the phrase “time in the market trumps timing the market.”That phrase simply means that timing the market is a fool's errand. You cannot win.It's far more important to be invested in the market and stay invested in the market. You only start touching your investments when you need to adjust your allocations, whether for imbalances or age.But maybe you think you're different. Maybe you think you've got the touch.I'm here to share ten investing facts that, hopefully, will cement the idea that you shouldn't: Pick individual stocks, Try to time the market, Become a day trader, or, PANIC. Are you ready?Here they are:

When to play the market

We have all heard the phrase “time in the market trumps timing the market.”

That phrase simply means that timing the market is a fool's errand. You cannot win.

It's far more important to be invested in the market and stay invested in the market. You only start touching your investments when you need to adjust your allocations, whether for imbalances or age.

But maybe you think you're different. Maybe you think you've got the touch.

I'm here to share ten investing facts that, hopefully, will cement the idea that you shouldn't:

  • Pick individual stocks,
  • Try to time the market,
  • Become a day trader, or,
  • PANIC.

Are you ready?

Here they are:

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