Investment principles only work through the lens of LONG-TERM. There are constant short-term temptations. Don’t give in to these “guaranteed” products or whatever the media happens to be pushing. Long-term is hard, but rewarding. This is true in most things, but especially in financial planning.
Maintain discipline (doing the right things) and patience (avoiding the wrong things). Have a structured investment process in place. It needs to support the plan, not be the plan. Base it on the decades of work of the most credentialed independent researchers. This provides an unbiased approach to help make the most of the long-term power of global markets.
Focus on what can be controlled. Allow the principles to work for you. Eliminate unnecessary risks, reduce costs, and minimize portfolio taxes over time. Keep an eye on the prize, those important life goals.
