Nov. 2009 Newsletter
We are now moving into our holiday season: cooler weather, good times with friends and family, and sometimes–more stress. Let’s remember to make it easier on ourselves and do only what we can comfortably enjoy, spend what we can comfortably afford, and eat what we can comfortably eat!
We have had a number of new people subscribing to this newsletter so in this issue we are highlighting the main points of my small book, The 7 Big Mistakes Investors Make & The 7 Habits of Highly Successful Investors. This is a great time to re-evaluate what we are doing with our investment funds, and why! Do you have an investment philosophy? Does your attitude matter? AND, there is a free offer at the end of the article.
We’ve also seen a rise in the number of people requesting an analysis of their portfolios. We have three reports: cost analysis, diversification analysis, and market analysis that shows the risk/reward of your current strategy compared to our structured portfolios. This invaluable information with show you if your account is meeting your needs in the best possible way for you.
Just give us a call for more information: 321-383-4005 or toll free 877-650-3796
We also had a wonderful inaugural two-day program for our sister organization, The Phoenix Center for Prosperity and Wellbeing . Thanks to all those who helped us present it. The mission of the center is making our lives easier and more abundant through programs, tools on the Internet, tele-seminars and private coaching. We will be announcing those through the Phoenix newsletter, which will be in your in box very soon! If you have ideas for us, we are eager to hear them!
We are also planning a tele-conference/seminar for year-end planning that will be in December. You will receive a short announcement with information and registration instructions.
Enjoy our newsletter!
With Warmest Regards,
Kasey Claytor
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The Global Rally
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You probably know by now that the Dow rose 48% since March 9th and the S & P 500 was up 56% from it’s March low. The overseas markets were up as well. Those of you who are seasoned investors hung in there through 2008 and the first quarter of 2009 and it is a lucky thing, because you benefited from this current rally.
We need to remember the stock markets are a much better place for long-term investors than short-term, and forecasting short-term is irrelevant to those of us who understand this. So realize your portfolio is a way of meeting your long-term goals.
To quote Mark Matson, “If an investment strategy needs a forecast or fad to be successful, it is already broken. An investor’s long-term investment strategy will provide them with a higher degree of successfully meeting their goals than any forecast or fad.”
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The 7 BIG MISTAKES INVESTORS MAKE
& The 7 HABITS OF SUCCESSFUL INVESTORS
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The 7 Big Mistakes:
1. Moving Away from What is Painful.
This is instinctive yet can be disastrous when investing. When the markets go down often our primitive brain gets activated, fear grabs us, and we make a decision based on that fear instead of logic.
2) Lacking Good Diversification
When markets go down, usually there are other markets that either don’t, or go up. It is very common for investors to be too concentrated in one or two markets, for example U.S. Large company stocks. It poses more risk.
3) Expecting Short-Term Results
We are so impatient sometimes! In this day and age we want everything now! But it is time that makes money in the markets.
4) Choosing Based on Past Performance
This sounds like a good practice, yet past results are not an indicator for future returns. A mutual fund, which is a collection of stocks and/or bonds, buys hoping the picks will out-perform the whole market, but this isn’t science. Better to depend on the whole market.
5) Expecting an Expert to Have All the Answers
It’s nice to think that someone out there can tell you what will happen next, but no one really knows. Find a coach that can help you define your own goals, risk tolerance, and investment philosophy and stick to it.
6) Being Unaware of All Costs
What you don’t see can hurt you. Your portfolio could have a drag of hidden costs that are preventing you from reaping the market returns.
7) Poor Attitude & Beliefs
This is actually very important. With a poor attitude you will get in your own way where financial planning is concerned, second guessing your decisions, selling too soon, and lacking confidence in your plan are just a few of the ways!
These are the mistakes. In the next newsletter we will cover the 7 Habits of Successful Investors. If you would like a copy of the entire 30 page book, for a
limited time you can have it FREE by just e-mailing us at osprey@cfl.rr.com with the words 7 Habits in the subject line and your name and address.
Organize your financial life, be prepared for 2010. And remember, we provide coaching if you need additional help.
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Let’s make 2010 the year we are organized, confidently invested, and ready for the future!
This entry was posted on Tuesday, December 1st, 2009 at 4:33 pm and is filed under Newsletters.
