PUT ASIDE AT LEAST A YEAR’S WORTH OF LIVING EXPENSES TO SEE YOU THROUGH MARKET DECLINES Murray recommends two years of living expenses Market downturns are inevitable Being forced to sell into decline can be harmful, even devastating to long-term financial security Watch the related WEALTHTRACK episode.
Investing Principles
APPLY SOME MOTLEY FOOL INVESTMENT PRINCIPLES TO YOUR PORTFOLIO
APPLY SOME MOTLEY FOOL INVESTMENT PRINCIPLES TO YOUR PORTFOLIO EXTEND YOUR HOLDING PERIODS FOR THE STOCKS AND MUTUAL FUNDS YOU BELIEVE IN GARDNER RIDES HIS “RULE BREAKER” WINNERS FOR YEARS DAVID GARDNER’S STOCK ADVISOR PORTFOLIO HAS HAD SOME BIG LOSERS IT HAS UNDERPERFORMED THE MARKET IN FOUR OF THE LAST 13 YEARS Watch […]
DON’T LET THE POLITICAL NOISE AFFECT YOUR INVESTMENT DECISIONS
DON’T LET THE POLITICAL NOISE AFFECT YOUR INVESTMENT DECISIONS Presidential campaigns are designed to tell us how bad things are Candidates promise to fix problems Negativity takes a toll on investor psychology Successful investors stick to investment discipline Focus on fundamentals Choose companies and securities that will excel in business no matter what […]
STICK WITH YOUR FINANCIAL DISCIPLINE
STICK WITH YOUR FINANCIAL DISCIPLINE Have a plan you can live with Don’t be distracted by outside events Have one, two or three years of living expenses to prevent selling under duress Keep some cash in portfolio to take advantage of market declines Put cash to work in high conviction investments that have […]
“KNOW WHAT YOU OWN AND KNOW WHY YOU OWN IT”
“KNOW WHAT YOU OWN AND KNOW WHY YOU OWN IT” Do a Quick Stress Test Portolio Analysis What You Own is Cheaper Than it Was Do You Want to Make Slight Adjustments? Add to Long Term Holdings? Sell Questionable Investments? Watch the related WEALTHTRACK episode.
LOOK FOR INDEPENDENT-MINDED MANAGERS WHO THINK LIKE OWNERS
LOOK FOR INDEPENDENT-MINDED MANAGERS WHO THINK LIKE OWNERS “PATIENT CAPITAL” OUTPERFORMS High “Active Share” Portfolios + Trade Infrequently = 2%+ average annual outperformance Source: “Patient Capital Outperformance” by Martijn Cremers & Ankur Pareek Watch the related WEALTHTRACK episode.