The Value of Advice—in Basketball and Investing
Investing for the long haul requires a certain amount of help. We believe that yes, you need to maintain a low-cost, well-diversified portfolio appropriate for your personal circumstances and risk tolerance. But perhaps more importantly, a successful investing experience requires the discipline to stick with that approach through market ups and downs.
Such self-control can be tested daily. After all, we’re people, and people have human reactions to market-moving events. Fear of missing out on the next big thing, or a desire to protect yourself from the most recent crisis, is only natural.
The key is to find a way to guard against flashy headlines influencing your financial game plan.