When the markets have done well for a while, or at least not scared the bajebees out of investors, people begin to tend to get greedy and seek returns even more … more of “the good thing” … in other words they may begin to chase fads.
However, developing and sticking to your plan is actually better for your wealth than chasing things. Soon markets turn and behavior has no choice but to reverse course – buy high to sell low.
The article below summarizes the differences between Fad versus Plan approaches.
Article posted at AdviceIQ.
Original blog … Will investors ever stop underperforming their own investments? … that inspired my syndicated article.
Note: Your RSS feed or email may not show the embedded part of this blog … please go to the blog website to see the embedded media portion of the post.