When markets are going down, it is easy to say,
Since stock prices are falling, I'm going to sell now and then buy back cheaper later!Trust me, I've made that (noob) mistake before. And guess what? The markets went up and I lost my chance. If I had simply stayed invested back then, I would have made 300% returns in 2019.
It was a sobering lesson, and taught me that unless I have a super accurate fortune-telling crystal ball, where the market and stock prices move next is truly anyone's guess at best.
The market never works as perfectly as you expect it to. And in crisis periods like the one we're living through right now, the decisions are never that straightforward either.
If it were, then we'll all be millionaires.
Everyone thinks they can buy in low and sell high. In this case, everyone believes they can sell high (now) and buy back cheaper...