The importance of Timing

You may, like others think that timing has nothing to do with your overall success, however I believe this is not the case. If you think back to some significant events in your life, either positive or negative, timing played a part . Don’t get me wrong I don’t think that it has everything to do with your outcome, but it definitely plays a part. The harder you work, more opportunities will come your way and the better your timing seems to be. Things just seem to happen when you want them to happen, and that is because you are focused like a laser on your desired end result.

Here are just a few examples that come to mind. Normally I write my blog posts at night and post them first thing in the morning, however last Friday I decided to write and post in the late afternoon. What happened was surprising, normally I get a few hundred hits per article, this one got 33K hits. I did not do anything different other than post in the afternoon rather than the morning. I chalk it all up to timing. Another on a personal nature, on May 11th 1993 I switched shifts with a co-worker at the YMCA Halifax where I was working as personal fitness instructor at the time.  I had done it before and did not think anything of it, however this time the result was different as I ended up meeting my wife. Their loss is my gain. Also this time last year AIG (American International Group) was quickly on on the way of becoming a penny stock, then the government intervened and and today it closed at 48.56, if you bought this time last year, then you had great timing!

Now you may be wondering how this all is relevant to finance? Well in the world of finance, the prices of stocks are constantly changing, as well as the foreign exchange markets and the yield on bonds. It’s this last item that will be important to you, as the yield of bonds determine the rates on most mortgages. Normally I do not talk about mortgage rates on my site, however it is important at this time as they have fallen to a point that you should be paying attention. If you are a home owner or plan on being a homeowner, the timing is great for you. Current 5 year fixed rates are now below 4% and variable rates start at 2.5% *(for those who qualify). A homeowner with a mortgage, a car loan, credit card or other loans could save hundreds or more each month by taking advantage of the current rates. Please contact my office if you have any questions. I look forward to hearing from you.

Cheers,

Pat

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