While it's easy to blame the markets for investment losses, the reality is that it is often investor behavior that brings devastation and loss to our investments.
In This Episode We'll Look At:
- The DANGER of tapping into your retirement accounts
- Building a reasonable plan to assure sufficient income for your future
- How to recognize and AVOID chasing a hot sector
- How seeking safety is not always a wise play
- Recognizing the folly of selling in down markets
Today's Resources and Links:
One Thing You Can Do Today to Improve Your Financial World:
Write out your personal, long-term investing plan. Be sure to do this during a time when you are able to be objective with yourself and your finances.
Refer back to your plan every time you are tempted to make one of the above mistakes.
A sample looks like:
"I will maintain 70% of my portfolio in broadly diversified equities, 30% in Fixed Income. I will buy more in down markets and sell a portion in up markets in order to maintain my 70/30 mix."
What Are Your Thoughts?
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