Alexander Green, Chief Investment Strategist of The Oxford Club, authored an article just a few days ago that touched on the following tidbits of investment advice, things Mr. Green believes every sensible person should follow without fail.
Let’s take a look at them – if you’re smart, you’ll realize that they’re incredulously simple, though integral to success in the world of investing.
Portfolios Must Stay In Balance At All Times
Every investor – even those who aren’t investors – have heard the phrases “buy low, sell high,” at some point in their lives, if not on a regular basis from investor peers.
If your portfolio recently gained a lot from stocks on the upswing, you should consider taking them out of commission, and replacing them with stocks or other financial instruments that aren’t currently worth as much as experts think they are.
This is a great way to be a passive investor, given you hold them until they reach their highest peaks over the next few years.
You Need To Start Saving More
Statistics from the 2017 Retirement Confidence Survey carried out in the United States found that almost one-half of all United States citizens didn’t even have $25,000 in their savings accounts. The same goes for checking accounts, as well.
It makes no sense that American retirees haven’t saved up as much as they should have. Shame on them.
Quit Being An Active Investor
75 percent of active investors fail in relativity to their passive counterparts. Make sure you’re a passive investor to save on transaction costs.
The Oxford Club
This organization was created in 1989, and sends out newsletters to over 150,000 around the entire planet. While investors from over 131 countries pay close attention to its financial gospels, they continue to succeed.
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