STAY FOCUSED

 
Nobody is correct all the time.

And nowhere is that probably more personified than in markets, especially market tops and bottoms.

It's easy to be too early or even get caught up in a value trap. In 2006 a colleague wrote an article about the real estate bubble.
http://www.safehaven.com/article/4545/the-love-song-of-the-us-home-owner                                

It was a bit too early. Many of his clients and readers objected at the time. But he made some serious money following a simple credo: buy right and sit tight. In his case he sold right and waited. Serious money means different numbers to different people. That's up to you.

Iron ore overnight last night hit a new low. Mining company stocks are getting hammered again along with precious metals. Seriously over sold sectors make the news almost daily. Pessimism is maximum here, an old saying of the late Sir John Templeton, one of the last century's best investors.

Find maximum pessimism, do your homework. Then buy right and sit tight. Done correctly you'll find some well-earned happiness. Lots of it in fact on your way to the bank.

Here's a length to some good advice in a beaten down sector. Read, research, react. Stay focused. It's about the money.

http://www.mining.com/web/i-was-early-but-im-still-buying-frank-giustra-fiore-financial-corp/