This week, Lee and Keith dive into Carl Richard’s timeless article, Pretending To Be An Investor Is Dangerous, and discuss how to avoid the common mistakes many people make when managing their investments, particularly as they approach retirement. They explore what it means to be a "pretend investor" and break down the six key behaviors that can derail your financial security- from obsessing over short-time market fluctuations to chasing the latest hot stock.
Tune in for a great discussion on how to focus on what truly matters- your financial health- while avoiding the distractions and fears created by the news cycle and peer pressure. You’ll learn why sometimes, ignoring the chatter is the smartest move you can make with your retirement funds.
Here’s what we discuss in today’s show:
- Staying committed to your long-term investment strategy instead of reacting to headlines
- Not letting daily market fluctuations sway your decisions
- Focusing on your personal financial goals rather than global economic events
- Avoiding the temptation to compare your strategy to others or chase the latest trends
- Recognizing that market volatility is normal- and not always a bad thing
Resources for this episode:
Check out more articles from Carl Richards here:
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