9 Investment Pitfalls
The financial markets reached record highs in 2017, reflecting a growing economy. Complex weather events and political and global developments emerged, making the environment challenging for investors to navigate.
Experience has taught us that successful investing requires discipline and patience. A long-term investment focus can help when emotions run high. While balancing ongoing changes can seem daunting, a steady course can help buffer you against turbulence and uncertainty.
To help you overcome these challenges, we’ve compiled a list of 9 common mistakes and guidelines on how to mitigate them.
Being unaware of your own mistakes can lead you down a detrimental investment experience.
Having someone there to help you make sound, logical investment decisions can help you overcome your own irrational perspectives. In fact, Americans are unsure how to even prepare for retirement: 74% of people surveyed agree they need more retirement preparation, but 40% don’t know how. But professional guidance can help. People who work with a financial representative report more confidence in their ability to reach retirement goals.
Successful long-term investing requires the ability to position and rebalance your portfolio to ride bear and bull markets. This level of complexity can make working with an investment representative critical to your ability to meet your goals.
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