A Few “Common Sense” Reminders For Investors

Common sense is not so common amongst investors.

That’s why I found a recent blog from Ben Carlson so interesting.

He offered some simple reminders about what to focus on:

• Portfolio management not investment strategies.
• Meeting your needs & desires not beating benchmarks.
• Risk management not risk measurement.
• Long-term process not short-term outcomes.
• Products you understand not investments that sound clever.
• Important not urgent.
• Simplicity not complexity.
• Fewer decisions not more choices.
• Enough not more.
• Delayed gratification not instant.
• Systems not willpower.
• Flexibility not certainty.
• Evidence not opinions.
• Humility not hubris.
• A plan not tactics.
• Patience not activity.
• Balance not gambling.
• Perspective not more information.
• Investing not speculation.
• Total return not just yield.
• Discipline not neglect.
• Your time horizon not someone else’s.
• Books not arguments.
• And finally, remember that financial independence is about time not wealth.

Read more at A Wealth Of Common Sense