I love this Warren Buffettism.....
Americans LOVE stocks when they're expensive and HATE them when they're cheap.
SO TRUE!
Resist the impulse to CHASE a rising market..... but at the same time - we have to guard against the market pulling out of the station for a run and we're standing on the platform holding our putz.....
It's why I URGE YOU to just buy when you're ready.... high or low.... When the market is high - you're $1,000 will buy fewer shares.... when the market sells off and everybody runs for the hills.... you're $1,000 will buy MORE shares...
In other words GET OVER IT...... you'll get nowhere if you're not "IN" and you're not buying enough shares at any given time that it's going to make a big deal in the overall scheme of things.
Think about it -- you have $1,000 -- and you're going to buy Home Depot (HD) = that $1,000 would buy 7 shares at $135..... and so your purchase today would be 7 X 135 = $945
Had you bought at the 52 WEEK LOW -- of $109 -- you'd have bought 9 shares! So that would be 9 X 109 = $981
So had you done both those buys -- you now have 16 shares for an AVERAGE COST of $120 (add both purchase costs $945 + $981 = $1,926 divided by 16 shares.
See how that worked out?? GET OVER IT..... you're reward is ZERO if you invest ZERO.
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