Investing on it's own is very difficult. It becomes even harder when you are forced to make decisions based on macro economic conditions. Unfortunately, most people don't have access to advanced levels of data.
Often times, this leads people to make decisions based on the current economic environment they are in right now. But this isn't how investment markets operate. They are forward looking and do their best to price in what they feel is fair value based on future events.
So making decisions based on today's economic conditions could lead you to making poor investment decisions, which almost never ends well for most people.
In this episode, Derek explains why this is so important to understand.
Enjoy the show!