Buy Stock Question

Buy Stock Question

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Q: I have been watching a particular stock for years. I continued to watch it but I still haven’t bought it. What are your thoughts? Do you think it’s too late for me to buy it?

A:  I know it’s tempting when you look at a stock like this. I typically feel the same way when looking at a stock that I feel like I missed. It’s frustrating. But in my mind, unless I’m an early adopter, I feel like it’s too late and I’m jumping on a crowded trade. Take comfort in the fact that you own other great franchises, and that investing is a long slow, boring game. Unless you’re one of the founders of that stock, Facebook, or were buddies with Bill Gates in 1976… The only people that really get rich in investing are those that patiently adhere to the marathon.

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