Should I wait for these toon to pass before investing?
It’s an election year. Should I wait? Or pull the trigger Investing?
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In my opinion, you should always be investing. I actually just finished writing an article on here that hasn't released yet about this very subject.
I am a big proponent of dollar cost averaging and not trying to "time the market".
If you are unaware of what that is, it is essentially creating a plan where you invest a specific amount of money on a regular basis (month, quarter, whatever) in a stock, index fund, or combination of your choosing.
With dollar cost averaging you will sometimes buy at a higher price, and other times at a lower price. Over the long duration that you are invested though, you will reap the long term benefits of being in the market, as historically it gains about 10% per year. That is accounting for the years in which in had great downturns.
You are going to hear a lot of noise about being at a market top and that we are about to have a recession. This noise is always around. Don't get me wrong, we will have a downturn at some point, it is inevitable, but NOBODY knows when that is going to happen.