In the musical “Annie”, (1977), the star sings: “Tomorrow, tomorrow, I love ya tomorrow, you’re only a day away”.
In the depths of a recession, as portrayed in the musical, a sunny outlook is clearly heartwarming, and suggests that things will get better soon.
In the cold world of investing, tomorrow is always a day away.
The hardest time to invest is now.
It is too easy to say, “such and such is in flux and should look clearer tomorrow”.
Successful investing is based on a well developed strategy and an ability to act in a timely manner. Often, this can be facilitated through consultation with an advisor(s).
All comments and suggestions are welcome.
Walter J. Kirchberger, CFA