"In the modern age, with information available every minute of the day, the propensity for the market or the economy to shock or please is ever-present. As such, one of the adages which does stand the test of time is that time in the market is important, not timing the market.
"In any event, the data is inconclusive one way or the other, suggesting that this particular saying may have run its course."Last summer saw comparatively modest falls in the FTSE All Share and FTSE 100 of 2.1 per cent and 2.7 per cent respectively. The cruellest summers of the last decade were not surprisingly during the financial crisis in 2008, where the FTSE All Share and FTSE 100 fell 14.4 per cent and 14.5 per cent respectively. Yet patient investors who hung on in there would have enjoyed a 19 per cent positive bounce the following summer. Yet the falls we saw between 30 April – 15 September 2008, during the financial crisis, are well behind those of 2001 and 2002, where the FTSE All Share fell 19.7 per cent and 22.6 per cent respectively. The FTSE 100, meanwhile, fell 20.3 per cent in 2001 and 22.4 per cent in 2002. These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.