Buy, But Have Patience

Here’s a quick story: I once wanted to buy some shares in Proctor and Gamble (PG). The price at the time was around $92 a share. I told myself that I would buy if it got lower than $90. The next day, it was up, so I raised my price to $91. The next day, it was up again, so I decided just to buy around $92. Well, within less than a month, the price was at $88 per share. Below my original price of $90.


Moral of the story: if I had waited longer, I would’ve gotten a much better price. However, I’m not to wait too long. Always buy early. If I had waited for a year or more, the price could be over $100 when I bought. Just don’t pull the trigger too quickly.

About Holden

Holden is the creator of holdencasey.com. He is the lead editor and consistently writes about politics and finance. He often writes unbiasedly, but occasionally provides a liberal viewpoint in his work.
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