Bernie,
To answer the question, in nearly any other circumstance other than AIM, I'd wait for the sale unless it was something that I absolutely, positively had to have TODAY. So, for Buy n' Hold stuff (stocks, MFs, CEFs), I'll wait for the discount to show up. AIM is very nearly the sole exception to the rule. All too often, we see otherwise knowledgeable investors/buyers scrambling to outbid each other, chasing the price higher and higher, an auction is the wrong place to buy something, bargains are RARE.
There are some items outside of stock/bond markets where I believe in paying a premium for a specific product or service. There are SOME things worth paying a bit extra for. OTOH, keys to a Pontiac for a month has ZERO value for me (actually negative value since I'd have to add the vehicle to my insurance policy for that month). Zero percent financing on GM products also has ZERO value for me.
Robert |
