Tips for making the right investment decisions
Daniel Goldie, co-author of "The Investment Answer, Learn to Manage Your Money & Protect Your Financial Future," says the right key decisions can help stack investment odds in your favor.
Jul 12, 2011
The Salt Lake Tribune
by Dawn House
Daniel Goldie, co-author of "The Investment Answer, Learn to Manage Your Money & Protect Your Financial Future," says the right key decisions can help stack investment odds in your favor.
Should people invest on their own or seek help from a professional?
As individuals, we face a number of challenges when it comes to investing, not the least of which is our emotions, which often encourage us to buy and sell at the wrong times. We want to buy after markets have risen and confidence feels high, and we feel the urge to sell after things have gone down and pessimism abounds. Although buying high and selling low is not a recipe for success, this is a key source of poor performance. That said, there are some good investment vehicles available for do-it-yourselfers, and I applaud those who can do it well. However, most of us should be realistic and realize that it takes knowledge, time and discipline, applied over a long time, to be successful. That’s why I think most individuals should seek help from a pro. Your entire financial future is at stake — and you’ve only got one chance to get it right.
Read more
Jul 12, 2011
The Salt Lake Tribune
by Dawn House
Daniel Goldie, co-author of "The Investment Answer, Learn to Manage Your Money & Protect Your Financial Future," says the right key decisions can help stack investment odds in your favor.
Should people invest on their own or seek help from a professional?
As individuals, we face a number of challenges when it comes to investing, not the least of which is our emotions, which often encourage us to buy and sell at the wrong times. We want to buy after markets have risen and confidence feels high, and we feel the urge to sell after things have gone down and pessimism abounds. Although buying high and selling low is not a recipe for success, this is a key source of poor performance. That said, there are some good investment vehicles available for do-it-yourselfers, and I applaud those who can do it well. However, most of us should be realistic and realize that it takes knowledge, time and discipline, applied over a long time, to be successful. That’s why I think most individuals should seek help from a pro. Your entire financial future is at stake — and you’ve only got one chance to get it right.
Read more