This analysis from JP Morgan explains why we need to stay fully invested at all times. If you miss out on the 10 best days, your long-term return is halved. If you miss the 20 best days, you lose 60% of your returns. And, as the chart says, “Six of the seven best days occurred after the worst days. The second worst day of 2020 – March 12 – was immediately followed by the second best day of the year.”

 For more on this topic, see “Does Market Timing Work?