The early bird gets the billions
The Wall Street Journal asked a number of notable personalities about the best financial advice they ever got and Bill Gross had an interesting response.
An investor’s inner time clock is crucial to getting in and getting out of markets. If the normal cock-a-doodle-doo of the rooster is at 6 a.m., there will be some investors who wake up at just past midnight—far too early for timing a market bottom or top. And some who wake up at 10 or 11 a.m. like a college student—far too late. Learn to recognize when your clock generally goes off, and work on getting it to ring at 6 a.m.
It goes to show how important the personal side of trading is.
