Consistency is KeySubmitted by Boyer Financial Services, Inc. on November 16th, 2018
People often like to ask: “for our best investment advice”. Normally they are looking to hear what stock we think is hot and will make them a lot of money quickly. While these things can happen when investing, if we were to boil down financial success to on simple piece of advice – consistency.
Whatever your plan is, stick with it. Take that monthly amount off the top, no matter what. When investing in funds, think long term. Don’t panic every time the market dances around. Know your plan, time horizon, risk tolerance (try our Riskalyze tool to find your risk number) and stay focused. You still make necessary adjustments along the way, but it simply means you can have financial success without doing crazy things or having to find “the next big thing”. The people that are the most prepared for retirement are often the ones that started early and just saved consistently.
So if you haven’t started saving – start today. Make the commitment and get going.
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*All investing involves risk including loss of principal. No strategy assures success or protects against loss.