By Byron Moore, posted September 24, 2018
Originally published in the News-Star and the Shreveport Times on Sunday, September 23, 2018.
“This is awesome!” she smiled.
Her tiny craft seemed to almost float over the smooth waves. The water was a deep turquois blue set against baby blue skies marked with wispy white clouds. It was a beautiful day to be sailing.
Until the weather changed. Almost without warning, dark clouds lumbered their way across the sky. The wind picked up and the once peaceful waters turned choppy and violent. The little boat struggled to stay afloat during the fierce storm. She soon had a very unpleasant reminder of what she’d had for breakfast.
“This is terrible!” she wailed, heaving over the side of the boat. “Whose stupid idea was this to go sailing today?!”
Weather on the water isn’t always easy to predict and when it turns ugly, things can get dangerous quickly.
The same can be said of the investing environment. Everyone wants to see their investment and retirement accounts grow, and “as fast as possible” may sound like a good idea…at first. But then the weather changes…
Suppose you were an Englishman 200 years ago wanting to cross the English Channel to go to France. Any crossing must be done by boat. The kind with sails.
You have several choices to make.