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.