When scouring investment headlines, the reality is no expert or fee-only CERTIFIED FINANCIAL PLANNER™ knows what the market is going to do today or next week. If a “financial expert” claims to know what will happen today in the market, you should run for the hills.
9. Look Beyond Investment Headlines
Daily market news and commentary can challenge your investment discipline. Some messages stir anxiety about the future while others tempt you to chase the latest investment fad.
Investment news and market predictions are written to cater to emotions of fear and greed. Unfortunately, this can influence people’s view of investing. The key is to not fall into the trap.
Cartoon by Michael Ramirez
Without a strong investment philosophy to guide them, they also may follow the advice of friends, neighbors, or family, especially if the “insight” promises a fast, easy return.
But growing wealth has no shortcuts. Success requires a solid investment approach, a long-term perspective, and discipline to stay the course.
What can you do to combat noisy investment headlines? Focus on your financial plan. Stick to your investment strategy and strategic asset allocation. Avoid watching “financial experts” on television and consider working with a fee-only CERTIFIED FINANCIAL PLANNER™ that serves as a fiduciary.
This is part nine of a ten part series in pursuing a better investment experience.
Part One: Embrace Market Pricing
Part Two: Outguessing the Market – Don’t Try It!
Part Three: Past Performance – Don’t Chase It!
Part Four: Let Markets Work for You
Part Five: Consider the Drivers of Expected Returns
Part Six: Practice Smart Diversification
Part Seven: Market Timing – Avoid It!
Part Eight: Separate Emotions From Investing
Part Ten: Control Your Investment Focus
Market Watch: Smart investors ignore the news
“Financial Expert” or Fee-Only CERTIFIED FINANCIAL PLANNER™
Still have questions in how to pursue a better financial planning and investment experience? Meet with a fee-only CERTIFIED FINANCIAL PLANNER™ regarding investment advice in Austin, TX or virtually online.