Reached Singapore last night and spent bulk of the time catching up on the news ( i was mainly reading just headlines while I was in China) and I have to say that it has been pretty sensational.
More so because many investors have been watching the markets with bated breath – some are hoping to reap profits, while others are eagerly waiting for an opportunity to enter the market… Many are all waiting for a sign, any sign to justify their intended action. And this situation got me to really think about the attitudes that most people have towards investing and the question that investors often ask- “Is this a good time to invest?”
Yet I believe that the better question would be “I have X number of years, should I invest and embark on this journey?”
This is because no one can catch the best time all the time and volatility will always be present. However, just like how we cannot cross the seas by merely standing and staring at water, we cannot expect to do nothing (not invest) and wish for our dreams to come true. In the end, what matters is in navigating across the rocky waters and in having sufficient time to do so. What matters is in knowing when to hang on tight and when to adjust the sails and go with the wind. And what also matters is in ensuring a sufficiently safe ride by not investing beyond over your own means or on the flip side, to be stuck in the sea with too small a sail.
The destination is in sight, are you ready to get there?
CFP, representing Financial Alliance 