Charles Schwab CEO: Don't try to time the market
The stock market is a long game, not a guessing game. That's according to Charles Schwab (SCHW) CEO Rick Wurster, who repeated the adage "it's about time in the market, as opposed to timing the market" on Yahoo Finance's Opening Bid. Wurster explained that clients often call asking if now is the moment to cash out after the market's relentless climb. In most cases, he pushes back on the urge to jump in and out of stocks. "The hard part about timing the market is you've got to be right twice," he said. " ...