Martin Pelletier: Never let emotion drive the investment decision\u002Dmaking process. Read more
This isn’t surprising given just how addicted we’ve become to loose monetary policy.
The bottom line is that over the longer term, there must be a return on invested capital or else the system breaks, and the winners have always been those betting on capitalism, not against it. But, most importantly, never let emotion drive the investment decision-making process. Here are three ways to help prevent this from happening to your investment process.The problem with indexes is figuring out which is the correct one to choose to compare against your portfolio. This can lead to performance chasing even among investment pros who face career risk for not beating the hottest market.
Avoid all this by charting your own course. Set a target return to meet a certain financial goal specific to you and your family and reflective of the market conditions of the time. Then, position your portfolio to try to meet it by taking as little risk as possible.
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