Highlights from show originally aired April 9, 2022
What is the importance of researching the companies you are investing in or the firms you are using to invest for you?
Beware those who show you past performances and promise the same future returns. Ask where they invested 5, 10, 15 years ago.
Remember: no one can accurately predict the market!
Make a plan and stick to it.
When making a large purchase (car, house, etc), do you think about how a larger loan may affect your daily cash flow and budgeting?
What is the bucket strategy?
What is your portfolio’s primary goal: meeting future cash flow needs, limiting volatility, or keeping up with the benchmarks? You can’t have all three, and each have their trade-offs.
If you are holding on to a stock that has gone down since you purchased it, ask yourself if you would buy it today. If the answer is no, why would you continue to hold on to it?
Invest according to the time frame in which you will need the money.
Don’t let fear or greed take you away from your plan.
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