Is Your Retirement Slipping Away? How Are You Going To Rebuild Your Wealth?
One step forward, five steps back. This seems to be the motto lately, especially when it comes to investing. Many people thought that 8% to 10% annual returns were just something to be expected. After all, how many of you used those returns in your retirement projections? Well, we have reluctantly entered a new age with new questions to be asked. What are you going to do?
You need to take control of your investments. You can no longer rely solely on the advise of your broker or financial advisor. After all, didn't they allow you to get into this position in the first place?
Are you waiting for those losing stocks to recover, you know, the ones that you have an emotional tie to? You as an investor must teach yourself to think differently. That is entirely alright. Who cares how those positive investment returns will come. What is important is that they do come.
The reality is that the average investor's thinking needs to be changed. We need to teach ourselves to invest with common sense, not emotion. I treat my investing like a business. If a particular trade is not working out as planned, I close it out and move on.
I have been told my real estate investor clients that the profit for a property is made at the time of purchase, not on the resale. Is it possible to apply that thinking to the stock market? Absolutely, I have clients that do that very thing.
Your change in thinking will shift your focus from emotion to common sense. Such as hoping for a particular trades increase in value to monitoring the trade during its expected life. You will know the trades expected life prior to entering into the trade. Yes, you will have an exit strategy!
You need to teach yourself to run your investing activities like a business, monitoring the trade through its life cycle. You will no longer be at the whim of the stock market. I can assure you that you will feel in control of your investments.
Surprisingly, there are stock market investing strategies that allow you significantly more control over the outcome. The stock markets most successful investors do not just hope things go their way. They have tools at their disposal and they use those tools to give them the best chance of success.
Successful investors use strategies that tip the odds in their favor, and they have learned to treat investing as a business. What are these strategies? Well, that is beyond the scope of this article. However, in order to find the success you are looking for you can start by changing the way you think. - 23223
You need to take control of your investments. You can no longer rely solely on the advise of your broker or financial advisor. After all, didn't they allow you to get into this position in the first place?
Are you waiting for those losing stocks to recover, you know, the ones that you have an emotional tie to? You as an investor must teach yourself to think differently. That is entirely alright. Who cares how those positive investment returns will come. What is important is that they do come.
The reality is that the average investor's thinking needs to be changed. We need to teach ourselves to invest with common sense, not emotion. I treat my investing like a business. If a particular trade is not working out as planned, I close it out and move on.
I have been told my real estate investor clients that the profit for a property is made at the time of purchase, not on the resale. Is it possible to apply that thinking to the stock market? Absolutely, I have clients that do that very thing.
Your change in thinking will shift your focus from emotion to common sense. Such as hoping for a particular trades increase in value to monitoring the trade during its expected life. You will know the trades expected life prior to entering into the trade. Yes, you will have an exit strategy!
You need to teach yourself to run your investing activities like a business, monitoring the trade through its life cycle. You will no longer be at the whim of the stock market. I can assure you that you will feel in control of your investments.
Surprisingly, there are stock market investing strategies that allow you significantly more control over the outcome. The stock markets most successful investors do not just hope things go their way. They have tools at their disposal and they use those tools to give them the best chance of success.
Successful investors use strategies that tip the odds in their favor, and they have learned to treat investing as a business. What are these strategies? Well, that is beyond the scope of this article. However, in order to find the success you are looking for you can start by changing the way you think. - 23223
About the Author:
About the Author: Marc Abrams is a Certified Public Accountant with over 15 years of financial and stock market investing experience. Visit Marc's website for more information on stock market investing strategies to help rebuild your wealth.
posted by X - Men @ 3:26 AM
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