Is July a Good Time to Buy an Investment?
Have your question answered on the Money Wisdom Question Series!
Today’s question for our Money Wisdom Question Series is: Is July a good time to buy an investment?
To provide some context, July has historically been a favorable month in the stock market. However, let’s delve deeper into this topic before drawing any conclusions. Jake Doser, CFP®, CPWA® shares his insights on this matter.
It’s about Time in the Market
A quote from perhaps the most famous investor, Warren Buffett, comes to mind: “It’s not about timing the market; it’s about time in the market.” This perspective suggests that there isn’t a definitive right or wrong time to choose an investment based on economic conditions alone. Instead, the focus should be on having a comprehensive plan.
Align Your Financial Goals with a Strategy
Whether you are planning for retirement, saving for college, or aiming for debt reduction, the best time to choose an investment is when you have a clear strategy. Selecting investments without a plan can lead to confusion and misalignment with your goals. On the other hand, a well-structured plan provides the necessary guidance to choose the right components that fit your life objectives.
Timing Isn’t Everything, Planning Is
So, is July a great time to buy an investment? If July is when you’re building your plan, then yes, it can be a good time. Otherwise, I wouldn’t recommend trying to time the market. The key takeaway is that there isn’t a specific month that is universally better for investments. The best time is when you have a solid plan in place. Don’t delay your financial success! Start working with your financial advisor today to develop a plan that will help you reach your financial goals.
Information presented in our podcasts is considered current as of the created date. Over time, some information presented may become stale. We recommend you consult with your Financial Professional before making any changes based on information contained here.
Johnson Brunetti is a marketing name for the businesses of JB Capital and JN Financial.
Investment Advisory Services offered through JB Capital, LLC. Insurance Products offered through JN Financial, LLC.
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