Buy low, sell high’ is a well-known maxim of investing. However, there are also plenty of books, seminars, and investment gurus that claim to help you know exactly when to buy and when to sell. They promise that, with their method, you can forecast the future, time your trades, and maximize your profits. Many people expect advisors to be able to predict the future like this. They assume that the right advisor will be able to accurately predict downturns and upswings, and if they can’t that just means they’re the wrong advisor. The truth is no one can predict the markets like this. Eventually, every advisor will be wrong. Instead, educated investors work with an advisor who can help them build a sound investment plan and stick to it. Gurus come and go. You need a plan that works over the long haul of market ups and downs. Contact me to talk more about your future. Also, watch the other videos I have on my blog and read the articles, too. They can help you learn how to keep your perspective as an educated investor.
DISCLOSURE: Investing involves risk and the potential to lose principal.