Keep Your Head in the Game: Avoiding Mental Errors When You Invest
In the sports world, a mental error can cost your team the big game. When you are investing, a mental error can put your retirement portfolio at risk. Mistakes often result from letting misconceptions and emotions affect your decisions.
Successful investing generally requires logic and reasoning. To avoid a fumble, you may want to guard against these four behavior patterns.
Overconfident Quarterbacking
Some people tend to overestimate their investment abilities. Like the overconfident quarterback who always wants to throw a pass, the overconfident investor may want to change investments frequently. However, any changes in your investment strategy should be based on careful consideration, not “gut feelings.” Rash decisions could cost you the game.
Freezing Under Pressure
Fear of being tackled can cause a player to freeze up on the football field. Likewise, fear of making an investment mistake can cause a retirement investor to postpone decisions. For example, an investor may delay switching out of an investment that has consistently underperformed. While the investor is lingering over the decision, the investment may be losing even more value. If you determine that an investment no longer fits in with your game plan, the sooner you make the substitution, the better.
Assuming a Winning Streak Is Unbreakable
If an investment, or its sector, has performed extremely well over the long term, you may believe it is unbeatable. But even the best teams may lose at some point — and even the most consistent investment may sometimes falter. Instead of simply assuming a “star” investment still has a winning record, periodically review its performance. If it experiences a temporary setback but still fits in with your game plan, you may want to keep it in your roster. But, if a former winner is now on a long-term losing streak, it may be time to switch investments.
Focusing on Short-Term Losses Instead of Long-Term Gains
In football, a long pass down the field may lead to a touchdown. But it’s also very risky because the other team could intercept the ball. Like a long pass, a stock investment can be risky because of the potential for losses. Stocks, however, also offer greater potential for long-term gains than less risky asset classes. For a better chance of getting into the end zone, retirement investors may want to include stock investments in their portfolios.
Your situation is unique, so be sure to consult a professional before taking action.
Securities offered through LPL Financial, member FINRA/SIPC. Investment advice offered through Barnes Capital Group, a Registered Investment Advisor. Barnes Capital Group is a separate entity from LPL Financial.
Buy the best DMT (Vape and Cartridge) 1mL Australia
… [Trackback]
[…] Read More Information here on that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
kode alam
… [Trackback]
[…] Find More Information here to that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
disposable vapes
… [Trackback]
[…] There you will find 33861 more Information to that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
สล็อตเว็บตรงไม่ผ่านเอเย่นต์
… [Trackback]
[…] Find More here on that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
website
… [Trackback]
[…] There you can find 72188 additional Info to that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
เสือมังกร lsm99
… [Trackback]
[…] Read More here to that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
แทงบอล lsm99
… [Trackback]
[…] Read More to that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
แทงมวยออนไลน์
… [Trackback]
[…] Info on that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
เกมสล็อต
… [Trackback]
[…] Read More on that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
บุหรี่นอกราคาถูก
… [Trackback]
[…] Find More on that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
410 shotgun
… [Trackback]
[…] Read More Information here to that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
aksara178 link alternatif
… [Trackback]
[…] Here you can find 26271 more Info on that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
mushroom grow kits
… [Trackback]
[…] Information on that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
side effects of ozempic
… [Trackback]
[…] Information on that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
how long do mushrooms last in the fridge
… [Trackback]
[…] Read More Info here to that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
important source
… [Trackback]
[…] Find More on to that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
sex children
… [Trackback]
[…] Find More on to that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
trang chủ 789club
… [Trackback]
[…] Read More Information here to that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
lottovip
… [Trackback]
[…] Info to that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
sex bạo dâm
… [Trackback]
[…] Here you can find 2095 more Info on that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
86kub
… [Trackback]
[…] Find More to that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
123auto
… [Trackback]
[…] Find More Info here on that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
ผ้า
… [Trackback]
[…] There you will find 84411 additional Info to that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
กระดาษฉาก
… [Trackback]
[…] Read More Information here to that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
ต่อขนตา สีลม
… [Trackback]
[…] Read More on to that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
EC Home
… [Trackback]
[…] Find More on that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
ต่อผม
… [Trackback]
[…] Read More here to that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
Buy Beretta 694 Pro Sporting
… [Trackback]
[…] Information on that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
Morpheus8 รีวิว
… [Trackback]
[…] There you can find 5050 more Information to that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
luk666
… [Trackback]
[…] Here you can find 1905 more Info to that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
fk brno 7.5
… [Trackback]
[…] Read More to that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
รักษาสิว
… [Trackback]
[…] Read More here on that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]
crypto news
… [Trackback]
[…] There you will find 36087 more Info on that Topic: barnescapgroup.com/keep-your-head-in-the-game-avoiding-mental-errors-when-you-invest/ […]