Q: I have $25,000 to invest, should I wait until stocks drop in price to invest?
A: I have answered this question 1000 times and I’m still frustrated that I can’t give an answer that will help investors make an obvious decision. My gut says wait, but how good is my gut? I have absolutely no evidence that my gut is better than a dollar cost averaging approach. Many professional advisors say, “If you have money to invest, do it now!” The key is to find a strategy that works now and for the future. If you find yourself guessing every move, you don’t have a mechanical approach and your future will be based on how you, or someone else feels.