Learn how to avoid making costly mistakes that will sabotage your retirement.

Main Questions Asked:

• Did you sell your stocks in a panic?
• Have you missed out on the second longest bull market in history?
• Are you tempted to jump back into the market now?

Key Lessons Learned:

Five Toxic Investment Behaviors

• Allowing your emotions to drive your investment decisions. It’s critical to have the right investment portfolio to avoid the risks of acting on emotion. Emotions can force us to take unnecessary risk or jump out of the market at the wrong time.
• Operating without a plan. 7 in 10 Americans don’t have a financial plan. You have to have a plan for your savings. It starts with hiring the right financial advisor with everything working together. You and your spouse need to be on the same page.
• Being overconfident. In a bull market anyone can pick great stocks. You have to be careful you are not over confident and consider taxes, social security, inflation and all factors.
• Obsessing over the markets on a daily basis. We have instant access to news with the same subject being beaten to death. Guard against headlines by talking heads who will lead you astray. Buy and hold investing with small adjustments and rebalancing makes sense.
• Being complacent. We have had a long trend without a downturn. People are taking more risk and aren’t adjusting their portfolios. Things like stocks, bonds, market changes, and current events can affect your portfolio.

Links To Resources Mentioned

Money Map Retirement Review

1-800-757-0436

Warren Buffet

Here’s Why Bull Markets Create Bad Habits in Investors

Thank you for listening!