¿Es importante para un inversor a largo cuando comprar?
Larry Swedroe's book, The Only Guide to a Winning Investment Strategy on page 76 states:
If you had invested the same amount on January 1 of every year for 30 years beginning in 1965, your return would have been 11 percent per annum. If you had been unlucky enough to have invested the same dollar amount each year on the day that the S&P 500 Index hit its peak for that year, your return would still have been 10.6 percent per annum. That is less than a 0.5 percent per annum difference in returns. And no one is that unlucky. If, on the other hand, you were lucky enough to have chosen the market's low for the year, each year, then your return would have only increased to 11.7 percent per annum. That is an incremental return of just over 0.5 percent per annum. And no one is that lucky. If that does not qualify as much ado about nothing, I do not know what would.
Then on page 77:
Quote:
Whenever I am asked if it is a good time to invest, my advice is simple: The best time to invest is always whenever you have fund available to do so.
“Los dos guerreros más poderosos son paciencia y tiempo.” (León Tolstoi)