So how should you go about selecting a financial planner? The simple answer is, don't bother. The wrong decision has the very real potential to wipe out your investments, your financial security, your retirement, and your plans for the future.
The trick now is to not let temptation get the better of you by investing more than you should the next time the stock market goes up.
I urge you to develop the ability to read a stock chart and start to listen to what the market is telling you.
The market has a nasty habit of taking a turn for the worse every so often. When it does, you want to make sure that you haven’t over-invested in stocks.
At certain times it can make sense to have as much as half of your portfolio in cash... alongside an allocation to gold, silver, and large and small-cap shares.
By buying a stock or staying invested in it, you are foregoing the opportunity to be invested in another stock — which may or may not be a better investment
Overcoming your human biases is one of the hardest things you can do as an investor. That challenge is what separates the investing greats from the amateurs...
I believe there are few better places to invest right now than these beaten down markets.
Most investors tend to buy stock when prices are already going up. It’s the urge to conform…to follow the crowd. But when it comes to investing, standing out from the crowd is often the best place to be. Being a contrarian investor means having the smarts to identify new trends before everyone else.
Unemployment up, consumer confidence down. The result? The stock market goes up. To the novice investor, it doesn't make sense...