investing

5 behaviors shackle investment strategy

Basing investments on initial research
6 of 6
Back
Basing investments on initial research

Anchoring, or the tendency of investors to place undue weight to an initial finding, could lead to bad investment decisions, and ultimately cause you to miss an opportunity to get the most from your investment strategy for lack of knowledge.

"It is important for your financial plan to be flexible and realistic. This is difficult to do if you take a myopic approach," McGrigg says. "In this situation, you might want to hire a trusted financial planner to help you understand all of your options."


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

CDs and Investment

Move money to retirement account?

Dear Liz, Can I convert my regular investment account to a retirement account so that an investment made in that account is not taxed? If so, what type of retirement account can I choose? -- Jennifer Dear Jennifer, It's... Read more

advertisement

Blog

Sheyna Steiner

Greece votes ‘no.’ Now what?

Greek citizens voted in a "yes-no" referendum on Sunday. The "no" votes won with more than 60 percent.  ... Read more

Partner Center
advertisement

Connect with us