investing

5 behaviors shackle investment strategy

Basing investments on initial research
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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."


 

 

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