Despite popular Hollywood portrayals of how investing works — a smart suit and someone with the last name Sheen or Douglas usually does the trick — research shows that most of us still try to time the market, typically resulting in buying high and selling low. No one likes being told they’re wrong or that they don’t have a grasp on the situation, but this graphic could be helpful in examining why many of our buy/sell decisions are wrong, why they cause damage to our portfolios, and how there can be better ways to invest for maximum returns over the long run. [Read more...]