“The most important quality for an investor is temperament, not intellect.”
– Warren Buffet
In truly serious undertakings where performance matters, controlling emotions and executing under pressure while sticking to a disciplined process are the biggest factors in the success or failure. This is especially true in investing.
Do Americans apply this to our lives? Research shows we don’t. From 1997 to 2017, the S&P 500 beat average equity investors by 4.7%! That gap amounts to hundreds of thousands of dollars and years of retirement.
How did this happen? Do we get bad advice? Did we get in the market at the wrong time?
To combat that gap, the first step is get the knowledge that has the biggest impact on performance. Rather than researching specific stocks and bonds, start with fundamental financial strategies such as investment risk, investor behavior and tax strategies.
And we have a great place to start. Hint, hint…. keep reading….
Click on the link below!