The question everyone is asking now is: “How do I time the top of the market?”
Investors want to know if it’s time to put more money into stocks or if it’s time to take it all out.
It all comes down to one thing: patience.
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Think about the last time you had to wait in line…
Like when you got stuck in terrible stop-and-go traffic. Maybe you took the next exit to find another route home… only to encounter more delays that cost you even more time.
This is a classic case of human behavior called “action bias.” We’re not programmed to sit and wait. We want to act… to take the next exit… to do anything but stand still.
It’s at the heart of investing as well. Sometimes the hardest thing to do with your investments is nothing.
One of the main drivers of action bias is something called “notional losses,” or paper losses. Basically, at some point when our portfolio loses too much, we get scared and start selling. Think of it as our “breaking point.” We can only sit still for so long. We don’t want to wait for a correction or study up on cyclical activity. We see our stocks “slipping into the red” and we panic.
Resisting this urge to act helps in the long run. But that doesn’t mean you should never sell, especially if you’re retired or nearing retirement. You don’t want to be stuck “holding the bag” when the market crashes.
So you end up with a major choice with your investments… When is it right to sit and wait and when is it right to sell?
And more importantly, is it time to buy more if the market is getting close to being overheated?
That’s exactly what my friend and colleague Steve Sjuggerud explained in a special presentation last week.
Steve detailed the full story on what’s happening in the markets right now, what it means for his Melt Up theory, and – most importantly – what it means for your money.
According to Steve, we are entering a period of great risk… and great reward.
Where you end up on that scale is going to depend entirely on the actions you take in the coming days.
Last week, Steve explained exactly what he believes you should do to protect your money right now – and how to put yourself in a position to potentially make bigger gains in a few months than you have at any other time over the last decade.
If you missed it, click here to watch the replay now.