Whether you’ve come out ahead for the year or find yourself a little behind the markets, take heed of these major investing fails…
If you’re engaging in any of these bad habits, it’s time to go cold turkey. Otherwise, you’ll only hold your portfolio back in 2016 and beyond.
From trying to time the markets (a guess, at best) to following the herd on a hot stock tip, investors should always take the time to evaluate what they want to accomplish in their portfolio.
Risk and reward are perhaps the most important components of investment management, and digging into some of the variables that control them are key for investors.
Before we get into five bad habits to avoid on your way to better portfolio management, heed this bit of reality: EVERYONE makes mistakes, and NOBODY gets it right all the time.
Indeed, this is a year in which some of the biggest hedge and equity fund managers managed to lose money for investors. CNBC recently reported that the industry suffered its worst capital losses since 2008, with a $95 billion drop in values.
So take heart. Unlike those suffering hedge fund managers, you only have to apologize to yourself for any losses or wrong-headed moves.
Here’s how to start 2016 with a clean slate…