20 Second Advisor: The cost of trying to time the market

On Thursday November 10, stocks mounted their biggest one-day rally since 2020. The S&P jumped 5.54% in a single day! The Nasdaq surged 7.35%!

The impact of being out of the market for a short time can be profound, as shown by this hypothetical investment in the stocks that make up the Russell 3000 Index, a broad US stock market benchmark. Staying invested and focused on the long term helps to ensure that you’re in position to capture what the market has to offer.