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Why
do smart people make big investment
mistakes?
What
are the 7 preventable 401k mistakes, and
what are their impacts on your
retirement date and lifestyle?
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If
you spend 0.5% more in fund expenses
then you need to, you will delay
your retirement by 1 years and 10
months.
-
For
every 2% that your funds under-perform
the market averages, you
will delay your retirement by 3
years and 10 months.
-
If
you invest too
conservatively, your
retirement nest egg will
under-perform inflation, and may
have 14% less purchasing power
when you retire.
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Properly
diversifying
your holdings by 10%, reduces
fluctuations by 20%.
-
Rebalancing
your portfolio after advances or
declines will increase your
retirement nest egg by 3%.
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Giving
in to emotions
of greed and fear, and
buying and selling too frequently
can mean working 10 extra years
and having a 20% smaller nest egg.
-
Spending
all of your
time thinking about how to
improve your investing results, or
worrying if you'll have enough money
to retire with your desired
lifestyle - priceless
How
do you know if a Visible Investor can
help you?
-
Did you sell
a stock to protect a gain only to see
it make a huge advance afterward?
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Do you hold
on to losing positions waiting for them
to return to your purchase price so you
don't have to realize a loss and admit
that you made a mistake?
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Do you
resist buying a hot stock, market sector
(like oil), or mutual fund, until it
reaches heights you never thought
possible and then you buy in—just in
time for an immediate reversal down?
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Did you lose
money in the stock market and swear
you'll never go back in?
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Do you fall
in love or hate certain stocks?
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Do you feel
the stocks you know (local companies or
large companies whose products you buy)
are less risky?
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Are you
confident in your ability to outperform
the market?
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Do you
calculate your returns and compare them
to appropriate benchmarks?
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If you
didn't own the stocks, funds or bonds
you currently own, would you buy them
for the price that you could sell them
for today?
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Did you
delay participating in your 401(k) or
other retirement plan?
Contact
us today to discuss your personal situation.
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