The past year has been challenging for everybody. I truly get that.
And I’m here to help you figure these things out.
So today I’m tackling one of the most frequently asked and most important questions I see in my inbox — what is the best time to buy stocks?
Here’s one question that was sent to me recently:
Roger, what is the best time to buy stocks? What time of the year do stocks tend to start moving higher, and when should we expect them to set their tone for the remainder of the year?
— Graham
That just so happens to be a really great question, and to be honest with you, one I’ve been wanting to answer.
You see, it’s the second trading week of January. And in case you didn’t already know, there is no better time than right now for the market to set its tone for the first quarter or two of 2021.
That’s especially true right now because President-elect Joe Biden is going to announce what he wants to do over the next four years. When new presidents take office, they typically start off with broad based plans.
The word on the street is that Biden plans to start off with a trillion-dollar infrastructure project (yes, that’s trillion with a “t”), centering around renewable energy, lithium and disruptive technology.
So, to answer the question, I think the best time to buy stocks is the beginning of a new year.
During the first two quarters of the year, stocks usually show their hand and give us a sense of overall direction. We’ll get to see whether retail sales are impacting the market or if small- or large-cap stocks are leading.
Check out my short video below and let’s discuss what the best time to buy stocks is. What do you think? Sound off on when you think the best time to buy stocks is and why in the comment section below.
Don’t forget to give this video a thumbs up and subscribe to my new YouTube channel if you haven’t already.
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