Last week, on February 5th and 6th, I wrote two posts addressing the current market volatility.
I urged you not to panic, and to make a list of companies you wanted to buy on sale.
Around the very same time, the mainstream media did what they usually do: overdramatize a drop that was not very significant from a percentage basis. Numerous publications, such as Investors Business Daily, advised people to sell their holdings.
My question when I read this is “when should you get back in once you’ve sold?”
I personally have no idea when you get back in, because I can’t time the market. Neither can any human you see on TV, no matter how smart that person is. I can say, however, with 100% certainty that we will see more volatility, because that is how the market works.
My advice is simple: get in the market as soon as you can. Do not try to time it. Buy whenever you have the money to invest.
If you’re in it for the long haul, like I am, what happens in the short run won’t matter. The important thing is just to get in it to win it!
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