"We have met the enemy, and they are ours (us)"
We tend to be confident in ourselves. Mistakes in behavior are what other people do, right? It can’t be us, can it?
Without knowledge and self-reflection, this ‘confidence’ can be OVERconfidence.
To piggyback on the FFF#208 last week, the media can cause problems if we let it. (By the way, we inadvertently cut off part of last week’s newsletter. Read the full blog here.)
The media can amplify emotions, and people can make, let’s say, unsound decisions.
Case in point, the average stock investor underperforms the stock market. See the chart below and above.
Long time horizons limit attachment to short-term issues.
Most of us should have a longer-term view. Prepare to live to 95, because you may actually reach it. Even if you don’t, consider that your heirs could benefit from the smart investing decisions you make.
The volatility we are seeing is high. However, the plans we put in place for you anticipate both up AND down markets.
If you would like us to review your particular situation, please feel free to reach out to us.
Check out our latest video on STOP Watching Retirement Case Studies!
