The S&P 500 is looking to extend weekly gains for the eighth straight week – the first streak of this length in an already bullish 2013. Day after day, investors and traders continue pushing stocks higher and higher to record numbers. While this yearly rally is good for investors already in the markets–they have continued to see gains in their brokerage accounts–frustration persists for those who are still waiting for substantial pullbacks in order to initiate positions.
Though it can be frustrating and hard to be patient when all you see is the continual rise of stocks, in the end this patience should pay off. It’s not necessarily all about what you buy that matters; when you buy is also a key factor in ensuring long-term wealth building. I’m not suggesting that you time the markets to buy at the bottom and sell at the top, but wait for an opportune time to put money into new investments. Have faith, a pullback will come.
Knowing When to Pull the TriggerIf you asked investors in the beginning of May if they were
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