Investment success requires that a person have a high tolerance for boredom, which means turning a deaf ear to the financial press’s investment panic-de-jour. It’s good for your financial health to avoid following the advice of prognosticating financial soothsayers. Even when one of them is me.
In May of 2020 as the pandemic was shutting down the economy, I made a firm recommendation to my clients and readers who could put off a decision to buy real estate, to wait a while before buying a new home. Anyone who acted on my advice and waited to buy residential real estate cost themselves a bundle.
