And waiting is one of the hardest things in life. But if you take a close look around you, you see many examples of people who waited for the right opportunity.
Take all the investors who bought stocks and real estate during the financial crisis that started in 2008. That recession lasted several years. Recently, I spoke to someone who invested a big chunk of his assets in the stock market between 2009 and 2011.
He saved most of his money in the years that led to the crisis. Not because he predicted the global financial crisis that was sparked by subprime mortgages, but because he simply didn’t know what to do. So he spent his time learning about investing.
He also didn’t follow the market. Instead, he saved his money — and wasn’t tempted to invest it just because “the economy is great.”