My "Greg Weld Tidbit" for the day....
I'm sitting here watching the market jump -- and what comes to my mind is all the questions about "should I wait - or buy today - or...."
To which I always reply -- just get in... because long term it doesn't matter.
Today and days like this - always confirm why I say that. If you waited - you missed todays move. True you may have a day next week or next month which may allow you to get in but if you bought yesterday = you wake up this morning to a nice gain.
I buy shares in the 1000's --- most folks buy in the 10's or 100's.... A 50 cent a share move is a nice number when you've just bought 5000 shares of something. I don't wait.... I don't buy on up days - I buy on down days. But once I've made up my mind to buy - the very next down day is the day I buy. I never know what's going to happen next week - next month - next year. If I sat on my hands "waiting" for something.... where would that get me? I'm in for 5 years -- not 5 minutes.
The bigger picture is that 5 and 10 year chart -- low on the left - higher on the right - the TOTAL RETURN - and the dividend. What difference would waiting make if all those things are telling me it's okay to INVEST in a company.
