Investment advice: Be careful as the bulls run, time for caution

As someone who has learned a lot about the stock market – mostly from my losses, I have some advice for you. If you are itching to get in on the bull run, take a cold shower instead.

After the S&P 500 just shot up 50 percent, this is no time to be getting in the market. While it can still go a little higher, my hunch is that we will have a correction soon. I know it feels safer to invest when the market is going up, but trust me, its smarter to invest when the market is down.

What I fear is that the people that bailed out a few months ago and locked in their losses, will now jump in and get their heads handed to them. My wife and I are taking our chips off the table every day the market is heading up, and storing them away so we can come back after the correction. And there will be one, its just a matter of time.

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