Monday, August 19, 2013
Shh! The Secrets to Investor Happiness are Revealed
1. Stop worrying about what other people think
You will be a much happier individual if you stop comparing your financial situation with those of others.
2. Be honest
If you are honest with what you want and where you stand in certain areas in your life, it is easier to be honest with others. You have to be honest with yourself first.
3. Avoid buyers remorse
Just because an investment might not go the way it was supposed to, it doesn't mean that it will always be low performing.
4. Advocate for yourself
You aren't afraid to ask the doctors for clarification, so why not ask your advisors questions about your portfolio? They are there to help you and want to answer your questions! If you don't speak up, there becomes a disconnect between you and your money. It is important to stay actively involved in your portfolio's management to make sure you and your advisor are on the same page to best meet the goals you have.
5. Don't be afraid
A well-diversified portfolio should ease a lot of nervous investors' minds. Rises and falls in portfolio value are normal. It is important to not be afraid and know that your advisor is looking out for you!
To read more about the secrets of investor happiness click here.