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Don’t Make Me Say I Told You So 133

investments and income. The problem with making these
mistakes is that it leaves investors with less money in their

retirement nest egg. This means less money to use for income
portfolios and putting together retirment income.
over the course of retirement, which may lead to an unthinkable

result: RUNNING OUT OF MONEY.

There many reasons that individual investors have done so

poorly, and we will examine the most common reasons for

poor investor-performance in this chapter. Some of the primary
reasons are:

► Overconfidence in investing skills

► Failure to control emotions when investing

► Failure to diversify

► Focusing on the short term

► Managing by media

► Trying to predict the future

► Trying to time the market

► Chasing yesterday’s winners

There are, of course, many more mistakes that investors

make when investing for retirement, but let’s look in-depth at
some of these more common mistakes and ways to avoid them.

Chapter 4: The Most Common Investor Mistakes