STAY THE COURSE WITH YOUR FINANCIAL PLAN Watch the related WEALTHTRACK episode.
Investing Principles
DON’T TRY TO TIME THE MARKET
DON’T TRY TO TIME THE MARKET Individual Investors’ Advantage over Professional Investors Don’t have to worry about quarterly performance or beating a benchmark For professional investors timing can be everything and getting it wrong can be devastating Watch the related WEALTHTRACK episode.
SPEND SOME TIME & CAREFULLY THINK ABOUT WHO YOU ARE & WHAT YOUR REALITY IS
SPEND SOME TIME & CAREFULLY THINK ABOUT WHO YOU ARE & WHAT YOUR REALITY IS REALITY CHECK What is your reality? What are you trying to do for yourself and your family? What’s your savings plan? How long is your investment horizon? Can you handle market fluctuations without freaking out? Watch the related […]
IMPROVE DECISION MAKING
READ DANIEL KAHNEMAN’S PHENOMENAL, EYE OPENING AND EXTREMELY ENTERTAINING BOOK “Thinking, Fast and Slow” Watch the related WEALTHTRACK episode.
HOLD SOME SAFE HAVEN ASSETS-CASH, U.S. TREASURY BONDS, GOLD, OR ALL THREE SAFE HAVEN INVESTMENTS
HOLD SOME SAFE HAVEN ASSETS-CASH, U.S. TREASURY BONDS, GOLD, OR ALL THREE SAFE HAVEN INVESTMENTS Gold: An insurance policy against disaster and traditionally a behavioral opposite to stocks Morningstar Favorite: iShares Gold Trust ETF (IAU) IAU data by YCharts Long Term Treasuries: Non-correlated asset Dampens portfolio volatility A top rated ETF is: SPDR […]
ACCEPT THE FACT THAT THE MARKETS WILL FLUCTUATE
ACCEPT THE FACT THAT THE MARKETS WILL FLUCTUATE Avoid trying to time the market Stick with your financial game plan Stick with investment discipline that works for you financially & emotionally Take advantage of “Mr. Market’s” mood swings Buy some stocks when cheap & sell some stocks when high Watch the related WEALTHTRACK […]