In the world of stock investing, knowing when to buy can be just as important as knowing what stock to buy. Unless you’re employing a dollar-cost averaging strategy for a broad-based index fund, seasoned investors know that patience is key when it comes to picking individual stocks for your portfolio. “The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett A great example is the COVID-19 crash. When the S&P 500 market plunged over 30% in March 2020, investors who were waiting patiently with a cash hoard took the opportunity to buy high-quality stocks at bargain prices. However, waiting by the sidelines also means that your cash is sitting idle in your bank account earning next to nothing in interest. Is there a better place to park your cash while you wait for a market opportunity to present itself?