When Is the Best Time to Invest?

I heard someone make a very satisfying remark recently, “I have never met a rich pessimist”. Think about it: to make money, there has to be an initial belief that things will improve, and believe they will.

Your life will always follow your thoughts. To have a positive life, have positive thoughts. “Today is a new day and it’s going to be a great day,” is the mindset that you should start each morning.

Investing is no different!

There will always be a crisis somewhere. Life is a series of problems, but we must learn to overcome them.

So, when is the best time to invest? When you have money to invest. Is now a good time to invest? Yes.

If you’re waiting for the perfect moment to invest, you may wait a long time because it doesn’t exist. The real question is where and how.

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People commonly do not want to invest their money in times of uncertainty. I understand that. When the market is at the bottom, no one wants to add money, but it’s actually the best time. However, most of us will wait until the market is heading back up or near the top. The problem is that you miss out on the opportunity of a lifetime.

There are always two investor behaviours at play:

• Believing that anything going in a certain direction will continue to go in that direction (Fear)
• Fearing that you will miss out. (Greed)

Both are very motivating emotions. Remember, as an investor, it’s important to overcome fear and greed to succeed.

Here are some helpful tips to become a wiser investor:

1. Patience.

When it comes to investing, it’s like watching children grow. If you’re with them every day, you might not notice the changes, but if you only see them every few months, you can see a big difference. Investing requires a long-term approach.

2. Take action.

If you want to invest and make money, you must be a person of action. Avoid just talking about it and do something about it. Start with around 500 shillings a week and go from there.

3. Get help.

You don’t have to figure this out on your own or commit countless hours to learning; you can hire a professional to manage it for you. If you have an investment plan of more than three years and the purpose of your money is long-term growth, the time to invest is now.

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You cannot be a successful investor if you are ruled by fear and panic. In fact, fear and panic are the two main ingredients in every bad decision anyone has ever made.

Here’s why: You become complacent and procrastinate, letting great opportunities pass you by. Embrace growth. Growth is good. It’s good in every area of our lives. The moment we stop growing, we start to fade.