Retail investor: I'm waiting for rates to drop before I get back in.

Me: & what if they don't?
Retail investor: Then... I guess I keep waiting?
Me: So your whole plan hinges on predicting the Fed, something the smartest people on Wall Street get wrong constantly?
Retail investor: When you say it like that it sounds dumb.
Me: It's not dumb, it's just a losing game. I don't predict rates, elections, or any of it. I buy great companies for less than they're worth & sell portfolio secured puts whenever the price is right.
Retail investor: So you never wait for the "perfect" moment?
Me: The perfect moment doesn't exist. While you're waiting on the Fed, the patient ones are getting paid.
Don't put your financial future on hold for a macro event that may never come...
You'll wait forever & miss the whole run.
Stop waiting on the Fed & start getting paid.