There’s an old saying about the watched pot never boiling, which simply means that if you wait anxiously for something to happen, it seems like it takes forever.
When one considers the stock markets over the past few years, they have behaved much like the proverbial pot. Anyone desperately watching their funds and waiting for them to go up would most likely have grown despondent by now, thinking that the markets will never go up again.
And then, all of a sudden, and almost while no one was watching, the JSE All Share Index is up over 6% for the month of July*. If you’ve been sitting in cash on the side lines waiting for the “pot to boil” before you climb in, you’ve missed this.
Once again this reinforces the wisdom that you can’t time the markets, and that ultimately it’s time in the markets that counts.
*yes, it is only back where it was about 2 years ago…but that’s not the point
