Would it be better to buy near the bottom, or miss the bottom and end up having to buy a bit higher?
Answer: It is clearly the latter
Taking into account the time value of money, it’s better to buy after the initial stages of the upswing, than to try to buy when things are still going down. Your probability of experiencing further declines is much higher when prices are still declining. Once prices have made the turn positive, history shows that there is plenty of time to catch more upside.
