“Time is the Stuff that Life is made of.”
– Ben Franklin
Sometimes life has a way of teaching us the most important lessons in the most painful way. It seems there must be some cosmic force that dictates that our most painful and difficult experiences are also our most memorable, and we never forget the lessons they teach.
“The right time to buy equities for the long term is whenever you have the money”
– Nick Murray
In last month’s article, we focused on “Not Trusting Robots” as one of the great qualities to adopt for anyone who wants to become a great investor. This month we focus on a similar, but slightly different quality…Great Investors know it is NEVER a “Good Time” to Invest
“The right time to buy equities for the long term is whenever you have the money.”
– Nick Murray
The Dow hit 22,000, it’s too high! The Shiller CAPE ratio recently hit 29! Trump can stop Tweeting! A correction is coming…a correction is coming!
Generally, most people believe that over time the stock market goes up, but when it does it makes many people nervous. Turn on the TV or read any financial news and your bound to hear an analyst or commentator saying the market is “too high”, “valuations are stretched” or “overvalued” and, of course…is overdue for a correction.
A quick Google search of the words “Stock Market correction 2017” yields some 17,5000,000 results. Here’s some of the top results…
Our investment commentaries remain committed to preaching why you should remain invested through all market cycles. You will find the following comments to be no different.
J.P.Morgan Asset Management recently published their annual Guide to the Markets. The slides are full of insightful charts and graphs displaying current economic conditions and market data. The charts shown below remind us of the importance of investing, moreover, the importance of remaining invested:
“Somebody’s sitting in the shade today because someone planted a tree a long time ago”
– Warren Buffett
It seems as if the human attention span is on the endangered species list these days. With the rise of the internet and mobile communications, it seems that we all think and communicate in 140 characters or less, and “Long Term” is defined as the next 5 minutes.
“Even if you could trick an algorithm into giving you the portfolio you need as opposed to the one you want—which you can’t—an algorithm can’t hold your hand, look into your eyes and advise you credibly not to worry when the market goes down 30%. You will still bolt out of your portfolio at the wrong time and for the wrong reasons.”
– Nick Murray
In last month’s article, we focused on “Taking advantage of Dividends” as one of the great qualities to adopt for anyone who wants to become a great investor. This month we focus on slightly different habit that great investors understand……Great Investors Don’t Listen to Robots.
“Do you know the only thing that gives me pleasure? It’s to see my dividends coming in.”
– John D. Rockefeller
In last month’s article, focused on “Taking advantage of Time” as one of the great qualities to adopt for anyone who wants to become a great investor. This month we focus on slightly different quality, but another thing great investors can take advantage of…Great Investors Love Dividends.
“Time, Time, Time is on my side… Yes it is.Time, Time, Time is on my side… Yes it is.”
– Mick Jagger
In last month’s article, we discussed how “Understanding Risk” is one of the great qualities to adopt for anyone who wants to become a great investor. This month we focus on a related, but slightly different quality…Great Investors Take Advantage of Time.