My retirement projections are all wrong! They were based on annual returns of 8% to 10%. That is what I was told I could expect. How many of you are facing the above situation? Well, we are now in a new era and there are 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 learn to think differently. You might find that you can no longer afford to wait until those precious stocks recover, you know, the ones that you have an emotional tie to. That is entirely alright. Who cares from where your positive investment returns will 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.
A change in thinking will shift your focus from hoping for a particular trades increase in value to monitoring the trade during its expected life. I say expected life because that is known prior to entering into the trade. Yes, you will have a definite 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.
Surprisingly, there are stock market investing strategies that allow you significantly more control over the outcome. I can assure you that the stock markets most successful investors do not just hope things go their way. They simply have tools at their disposal that 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. - 23309
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 learn to think differently. You might find that you can no longer afford to wait until those precious stocks recover, you know, the ones that you have an emotional tie to. That is entirely alright. Who cares from where your positive investment returns will 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.
A change in thinking will shift your focus from hoping for a particular trades increase in value to monitoring the trade during its expected life. I say expected life because that is known prior to entering into the trade. Yes, you will have a definite 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.
Surprisingly, there are stock market investing strategies that allow you significantly more control over the outcome. I can assure you that the stock markets most successful investors do not just hope things go their way. They simply have tools at their disposal that 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. - 23309
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.
