It’s often said, “you can’t time the market.”
That may be a pithy aphorism, but the reality is much more nuanced than the statement.
Everything relates to timing.
I found old stock certificates at my grandmother’s house once, and I was pretty sure I had just struck it rich. Unfortunately, the company had filed for bankruptcy decades ago.
I watch a lot of investment webinars, and they show graphs of stock prices increasing dramatically.
But that increase often follows years of small changes. The feeling you might get looking back is that you wish you got in years earlier. But after years of vacillating, when you see you’re up 3%, you may want to sell and call it a win.
Similarly, right now, most goods have significant price inflation. When that is widespread, you have to wonder is the price of goods rising or is the value of dollars falling?
When do you think of as “normal?” Has anything ever been “normal?”