Guide to Financial Planning: Part Five

The Final Frontier

So, having taken advice, given the investment time , diversified the investment, avoided greed- make sure you avoid fear.

Some of the worst financial decisions I’ve known have been based on unexplained fear. Whether it’s leaving money on deposits for years and years and allowing that money to erode through the effects of inflation or not investing because you’re fearful of a market fall.

Nobody flashes a light to say investment markets are about to fall. The markets are priced by taking in an unbelievable amount of information, so anyone who thinks they know better perhaps should be working with Clinton Baptiste.

Invest for the long term and don’t make long term decisions based on short term movements. There are always going to be ups and downs, that is the nature of investing.

Like in the poem IF

“If you can meet Triumph and Disaster

And treat those two imposters the same”

(You’ll be an Investor).

 

 

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