Where’s the market at?

The world is a tumultuous place right now. One day stocks are falling, the next they’re rising. There are days where there’s no toilet paper on supermarket shelves, and normal people are wearing medical masks during their daily commutes. So, in times like this, how the hell do we know where to put our money?

The answer for me is, it depends on your timeframe. It doesn’t matter what is going on with the state of the world. I’m still investing. Even if there’s no toilet paper to be had, and it feels like the sky is falling.

Generating income and making money is all about getting in the game and staying in the game. If you’re changing your investing behaviour and jumping into the market when you feel secure, only to jump back out of the market any time a global “catastrophe” strikes, then it’s almost impossible for you to create long-term wealth.

So, when’s a good time to get into the market?

At any time, every month, forever. For example;

If you started with $5,000 and invested $400 of that a month for 10 years and used an average return of 6% a year, you would have approximately $124,000 after 10 years.

Don’t be afraid of investing! Only be afraid if you think you are trying to outsmart the system, work out a long term plan, stick to the plan, only use 1-2 squares of toilet paper and turn off the TV!

TC