Tracy Davidson

Well, we can learn from our previous trades if we look at them objectively. Some Financial firms will tell you that you cannot time the market and some firms will tell you that you can. When is it right? When you have gains! When is it wrong? When you have losses and sometimes those losses are painful! Remember the pain. The pain will be a reminder of what we don’t want to do next time.

You need to make decisions when it is the right time for you given your life circumstances and/or family needs. There is rarely a right time to make the perfect decision. The thing to do is to make decisions for now, the moment.

If you cannot commit to an investment decision, then don’t make it! Do yourself and the people around you a favor and let it go. You may end up feeling badly thinking you’ve lost out on a good investment or you may feel like you did the right thing by letting it go.

Bottom line, the best decision is to do what feels right. Be disciplined. Know what you want and stay true to your investment style. When you start jumping around without focus, you may start to suffer and then everyone loses.

Be true to yourself! Your money will thank you.

By:

Erwin Gant, President

Gant Private Financial Management