Oct 6, 2017
Learn how to avoid making costly mistakes that will sabotage
Main Questions Asked:
- Did you sell your stocks in a panic?
- Have you missed out on the second longest bull market in
- Are you tempted to jump back into the market now?
Key Lessons Learned:
Five Toxic Investment Behaviors
- Allowing your emotions to drive your investment
decisions. It’s critical to have the right investment
portfolio to avoid the risks of acting on emotion. Emotions can
force us to take unnecessary risk or jump out of the market at the
- Operating without a plan. 7 in 10 Americans
don’t have a financial plan. You have to have a plan for your
savings. It starts with hiring the right financial advisor with
everything working together. You and your spouse need to be on the
- Being overconfident. In a bull market anyone
can pick great stocks. You have to be careful you are not over
confident and consider taxes, social security, inflation and all
- Obsessing over the markets on a daily basis.
We have instant access to news with the same subject being beaten
to death. Guard against headlines by talking heads who will lead
you astray. Buy and hold investing with small adjustments and
rebalancing makes sense.
- Being complacent. We have had a long trend
without a downturn. People are taking more risk and aren’t
adjusting their portfolios. Things like stocks, bonds, market
changes, and current events can affect your portfolio.
Links To Resources Mentioned
Money Map Retirement Review
Here’s Why Bull Markets Create Bad Habits in Investors
Thank you for listening!