Adopt These Smart Money Habits When Stock Prices Skyrocket

Patience is a virtue in life and investing.
VIP Contributor
2 min read
Opinions expressed by Entrepreneur contributors are their own.

Entrepreneur Network partner Phil Town says that the higher the stock market capitalization-to-GDP ratio is, the more confident you can be in saying that the market is overpriced, which can make it difficult to find value.

To find success in pricey times, Phil Town recommends a few tips. To start, stay patient. Make sure you are staying alert to good value and good opportunities. Use the time you don't spend investing to research promising companies and build up your savings, so you can strike when the time is right.

Click the video to hear more. 

Related: How Warren Buffett Got Rich by Following What Makes Him Happy

Entrepreneur Network is a premium video network providing entertainment, ewitducation and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on RokuApple TV and the Entrepreneur App available on iOS and Android devices.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.