- Don't let emotions rule your portfolio
- Don't chase performance
- Don't trade too much
- Don't forget about the fees
- Don't try to time the market
- Don't put all your eggs in one basket
- Demand full transparency from your advisor
- Be patient and learn
This is marathon, and you invest over multiple market cycle, not letting market dips scare you into selling at the wrong time. Create a written plan with your goals and objectives as well as your portfolio allocation.
Disciplined rebalancing keeps you away from that market-timing trap.
Individual investors and sometimes even professionals fall into the trap of trying to time the market, or in simple terms, buying high and selling low.
"fee-only" advisors, who are paid only by their clients without any product-based payments.
"fee-based' advisors, which means they collect these payments to some extent and charge clients a fee. Some are paid from the financial products they sell.
No comments:
Post a Comment