This has been one of the many questions of most people visiting this blog. Maybe it’s time to reveal the greatest secret of investing success.
The best time to invest in the Stock Market, Mutual Funds, or even FOREX, is when the market reached the point where there is no other way to go but up. OR when the market starts to build an obvious momentum that any time soon, it will be skyrocketing. Buy Low, Sell High.
The wisest question will be, how will we be able to identify those signals? Here is my answer.
I DON’T KNOW. That’s for the experts to find out. Surprisingly, when experts are asked, they’ll be bringing up different opinions.
So, when is really the best time to invest?
If you have all the capacity to invest – a considerable savings for your emergencies, and other life’s necessities, for you, the best time to invest is TODAY.
There’s just a small misconception about investment. It’s that the only time you start investing is the time when you and your money got separated. True, but is not really the case.
We start to invest at the point we start learning on what investment instrument we should be investing in, and not just at the point when we gave our money away. That’s right! Education is the first investment we should ever make.
Am I saying that we should invest only if we really understand what we are going into?
Yes, and no. Yes that we should have an understanding of what we are going into. We should be doing our due diligence. And no to the point that we should really have an expert’s understanding before getting into a specific investment.
There are things that can only be learned if we have experienced it. This principle applies the same with investments.
The lectures, the seminars, the reading of books – we can learn a lot from them, but not everything. There are a lot of lessons that only experience can provide.
What am I driving you into?
What I’m trying to say is that we can only learn so much from books, blogs, seminars, lectures, etc… The other half of the learning process is when you start the real life investment.
The best time to invest is NOW. Have a piece of skin in the market. Experience the ups and downs. Make mistakes. Experience losing. Experience gaining.
Invest. Explore. And Study More!
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