Have an Investing Plan, and Stick to It
Better Money DecisionsJun 25
Market swings can prompt attempts to time the market, but staying the course is best.
Market swings can prompt attempts to time the market, but staying the course is best.
An investor’s goals will not be met with guesswork and emotion-based decisions cloaked in logic. A good financial planner can show how to make sound choices.
Emotional reaction to stock market turmoil can cause more harm than good. Investors with confidence in their financial plan can ride out bouts of volatility.
No investor wants to leave money on the table, or miss out on opportunities. Missing out is “opportunity cost” and can be avoided.
It’s important to know what market risks are worth taking and which drag down returns.
Owning the right mix of investments is a crucial, but often overlooked, part of reaching a successful outcome such as retirement.
Selling out and sitting on the sidelines is essentially a form of speculation, rather than investing.
After a market downturn, calm investors are set to benefit from the rebound.
If you are banking on a basket of new stocks to boost portfolio return, you might be disappointed.
Investors must deal with these issues now before your financing options dwindle or run out entirely.
Here’s a pop quiz: You own the following five stocks. These constitute 100 percent of your investable assets. Are you diversified?
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