Here Are the Investing Mistakes you Are About To Make (03-07-16)
As stock markets worldwide have fallen significantly this year, investors are about to make all the classic mistakes they usually make with their investments. This is not another investing article telling you to “relax” or never sell your stocks. The mistakes investors make go far beyond this advice:
Listening to News and Market Predictions - Unfortunately, lots of people get investment advice from the media. Many self-styled media gurus have taken the front stage in making recommendations for the future of markets. Following such unfounded advice is the perfect recipe for losing money. Most of these financial media gurus are quick to offer their opinion, but rarely expose how they perform on these predictions.
Letting Emotions Get in the Way - Losing money isn’t fun. Watching your investments decrease in value triggers all sorts of emotions. Whatever those emotions may be, they all lead toward doing “something” to improve the situation. However, what exactly will you do? Does it match up with your plan? Do you have a plan?
Not Sticking to the Plan - A good plan will consider all your financial goals, risk tolerance and constraints in a clear and a measurable way. A great investing strategy is a key component of this plan. Utilizing time proven investing strategies will position your portfolio to succeed in any type of market.
We believe utilizing these strategies in a systematic way removes emotions and market “experts” from influencing the results. Contact Us to learn more about our approach.