One challenge will be that any attempt to time donations based on economic conditions risks becoming a backdoor attempt to time the market, which is notoriously hard.
I don’t think this is a big concern. When people say “timing the market” they mean acting before the market does. But donating countercyclically means acting after the market does, which is obviously much easier :)
One challenge will be that any attempt to time donations based on economic conditions risks becoming a backdoor attempt to time the market, which is notoriously hard.
I don’t think this is a big concern. When people say “timing the market” they mean acting before the market does. But donating countercyclically means acting after the market does, which is obviously much easier :)