Let's Talk About Our Feelings

Photo by Kenrick Mills on Unsplash

There are no guarantees in investing. So I will say this: almost always, an investors long-term performance is related to their behaviors. Most successful investors develop a long-term orientation that successfully drives their wealth building over the years. For some this will look like benign neglect. They develop a strategy, make their contributions automatic and infrequently, if ever, check the progress of their accounts. In fact, one study by Fidelity indicated that the best performing accounts in their system was from people who had forgotten that they had an account. Others may be incredibly rational with nerves of steel, successfully adding funds to their accounts during times of fear and doubt. But whatever the personal traits that enable it, successful long-term investors are able to resist the siren songs of both fear and greed and keep to their game over the long haul.

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