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?
There is only one person that is going to look out for you during these frustrating times. It probably is not your broker, or even your financial advisor. After all, they allowed you to get into this position, right? Well, that person is YOU!
You as an investor must train yourself to think differently. You might find that you can no longer afford to wait until losing stocks to recover, you know, those that you are emotionally tied to. That is fine. You realize that you need to make a change. Who cares how those positive investment returns 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.
Did you know that there are stock market investing strategies that allow you significantly more control over the outcome? I know that the stock markets most successful investors do not just hope things go their way. They simply use the tools at their disposal to give them the best chance of success.
Successful investors rely strategies that tip the odds in their favor, and they have learned to treat investing like a business. What are these strategies? Well, that is beyond the scope of this article. However, in order to find success you can start by changing the way you think. - 23210
There is only one person that is going to look out for you during these frustrating times. It probably is not your broker, or even your financial advisor. After all, they allowed you to get into this position, right? Well, that person is YOU!
You as an investor must train yourself to think differently. You might find that you can no longer afford to wait until losing stocks to recover, you know, those that you are emotionally tied to. That is fine. You realize that you need to make a change. Who cares how those positive investment returns 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.
Did you know that there are stock market investing strategies that allow you significantly more control over the outcome? I know that the stock markets most successful investors do not just hope things go their way. They simply use the tools at their disposal to give them the best chance of success.
Successful investors rely strategies that tip the odds in their favor, and they have learned to treat investing like a business. What are these strategies? Well, that is beyond the scope of this article. However, in order to find success you can start by changing the way you think. - 23210
About the Author:
About the Author: Marc Abrams is a Certified Public Accountant with over 15 years of financial and investing experience. Visit Marc's website for more information on stock market investing to help rebuild your wealth.
posted by X - Men @ 3:23 AM
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