Any investor, from the first-timer to the seasoned pro, can make mistakes. Experts say in many cases, quick decisions can create bad results. For most, having a solid, long-term plan and sticking to it provides a better chance to success.
On MarketWatch.com, writer Paul Merriman points out five common traps investors fall into, including following the advice of market pundits, relying on short-term performance and more. He warns that it takes a mixture of self-reliance and quality advice to reach your financial goals.
Do your listeners/readers/viewers have long-term plans for their retirement, or are they relying on short-term market plays in the hope of raising cash quickly? Survey your audience, and bring the results to a local financial planner for a reaction. The results could spark a great discussion about the perils and benefits of different investment strategies.
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