5 smart pieces of investing advice financial planners will tell you for free - Business Insider

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In order to build wealth effectively, you need to get comfortable investing

. These funds are not actively managed — you're not paying someone to buy and sell your shares in order to beat the market. Instead, each fund is designed to match the market, so total operating costs — otherwise known as an expense ratio — should be less than 0.50%.When you're investing for the long-term — think: more than five years — you don't need to concern yourself with daily market fluctuations.

You'll never give your strategy a chance to work properly if you're tinkering with your investments every time the market drops,Even smart people can get thrown off course when the stock market goes haywire, but it's never a good idea to act on heightened emotions, certified financial planner Shelly-Ann Eweka"Avoid impulsively selling an underperforming investment and stay the course with a diversified portfolio that is able to withstand inevitable short-term rises and dips in...

 

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I am 100% on the opposite side of any article that tells people it’s OK to sit thru occurrences like the bursting of the tech bubble & the financial crisis

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