But don’t fool yourself into thinking there will ever be a perfect time to invest, or that you will know for sure when a raging bull market has arrived again. That’s not how Wall Street works. You have to be willing to take a few calculated risks if you’re ever going to get ahead. And now is as good a time as any to start making moves.
Josh Brown, the investor behind The Reformed Broker blog, said it best in a recent post.
“You can get up off the ground now and do something. You can guard your face with one glove instead of two now, you can use the other glove to throw a few jabs, go on offense for a change.
“Remember what offense felt like? Remember what it felt like to move forward with plans and schemes and dreams — without having to steal a glance behind every day looking for the sucker punch? Without looking out for the next systemic left hook coming to bash you sideways? Feels pretty good to go on offense — let the other guy know you’re still punching.”
In other words, you’re not going to get ahead if you are 100% on the defensive. There are many signs that now is a time to test out opportunities — cautiously, of course — instead of worrying yourself silly.
You always run the risk of getting your clock cleaned, in both bear markets and bull markets. The current environment is no different. If you want a zero-percent risk of a knockout, skip the hard-hitting ring of Wall Street and take up a more stable pastime like shuffleboard.
But if you’re willing to play this Wall Street game, you have to take a few shots. Things might not be perfect out there, but now is as good a time as any to start slipping a few jabs.