I Don't Wait

Waiting is a loser's game. If you’re investing in a company, you think it’s solid. Why do you want it to go DOWN? That shit is counterintuitive. You don’t invest for the next month or year. You invest for the next 20-30 years.

You want stock in a company that is $120. You think it could pull back to the 100s. Short term, it could. You don’t know. But you believe long term, it’ll go up. 

The stock goes from $120 to $140. Shit. Okay. Well, if it drops to $120 you’ll buy.

Then it goes to $160. Shit! Okay. well, if it drops to $140 you’ll buy. 

It hits $250. Every finance bro says it’s going to $400. You buy 100 shares at $250. Costs you $25,000.

If you purchased at $120, you’d be up 108%. Now you’re IN at $250. People start selling, the stock drops to $200. You panic and sell, taking a 20% loss. You lose $5,000.

A decade later, the stock is $550. If you purchased at $120, your profit: $38,000. If you held at $250, your profit: $25,000.

You tell everyone the stock market is rigged against the little guy. 

And as far as waiting for a recession goes … when is it coming? Waiting waiting waiting … you miss out on dollar cost averaging. You miss out on dividends. You miss out on reinvesting those divvies at a variety of price points.

It would be EXTREMELY unlike that you will EVER lose money investing in a variety of high quality index funds over a 30 year period.