When you think of a financial advisor, you may think of someone sitting at a desk, watching the stock market, crunching numbers. However, investor psychology is actually a much larger part of overall strategy. Today, Kevin Dick from KDI Wealth explains.
How aggressive is an investor? It may depend on when you ask the question - is the market up or down? Were they burned by a downturn in the past? What are their overall concerns? Kevin shares a great analogy from a driving lesson with his dad - what's in front of you is much more important than what's behind you. Also, while our personal "peaks and valleys" sometimes make for our most significant memories, the majority of our lives are spent somewhere in the middle. This is why timing the market is never a good idea.
Finally, we look at the advantages of saving for retirement now. Giving up that morning coffee and investing that money for your future could pay dividends later - both literally and figuratively.
To contact KDI Wealth for help with YOUR retirement future:
Call: (877) 474-4350.
Or email Kevin: [email protected]
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