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

          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

Find yourself with $250K?

Dear Dr. Don, At age 63, if I get $250,000 in cash to invest, what's my best course of action? I currently have about $12,000 in credit card debt and owe about $48,000 on my mortgage. At the same time, I have just applied... Read more

advertisement

Blog

Sheyna Steiner

Guess who hates state auto IRAs?

In December, Illinois passed a bill to roll out automatic IRAs for workers not covered by a workplace plan. You won't believe who hates the idea.  ... Read more

Partner Center
advertisement

Connect with us