“Fast is fine, but accuracy is everything.”
Being quick on the draw surely helped the gunfighters of the Old West survive; however, being able to shoot on target was perhaps more important. The same is true when it comes to investing. Making fast decisions with your money is fine, but being accurate in your decision is everything. The moral of this story is to not be too concerned with getting in the market quickly. It’s definitely more important to buy the right stocks, bonds, ETFs, etc., than it is to rush in headlong for the sake of a speedy decision.
Wisdom about money, investing and life can be found anywhere. If you have a good quote you'd like me to share with your fellow Alert readers, send it to me, along with any comments, questions and suggestions you have about my audio podcast, newsletters, seminars or anything else. Click here to ask Doug.
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