Recently my father has been attempting to predict downturns in the stock market by cashing out his retirement funds into cash, before re-entering the market a few weeks later when he believes the market will begin to rise again.
So far I believe he has done this multiple times, and has been doing a poor job at maintaining good predictions, losing upward of $10k+, when he sold at the start of year dip, and bought in right after it bounced back.
I was wondering if anyone could give me some advice as to how I would convince him that this is a bad strategy. I have tried to have a conversation with him multiple times about it, but he has shrugged me off each time, believing that in the long run he's going to make money.
Submitted April 18, 2018 at 09:18AM by throwaway12312414141 https://ift.tt/2J71ovT
