Page 267 - FlipBook BACK FROM SARAN - MAY 5 2020 - Don't Make Me Say I Told You So_6.14x9.21_v9_Neat

Don’t Make Me Say I Told You So 253

Ten Truths About Investing for Retirement

1. Inflation has been a long-term constant.

2. You’ll probably need to have significant growth in your
portfolio to offset inflation.

3. Instant gratification usually means long-term investment
failure.

4. Diversification reduces risk.

5. The most successful investors look beyond short-term
fluctuations.

6. Down markets can actually increase the value of your
portfolio during the accumulation phase of investing.

7. Market timing is a sure-fire recipe for failure.

8. The most important factor in determining portfolio
returns is asset allocation.

9. Historically, dividends from a portfolio of successful

companies rise over the long term.

10. Selling at the bottom and buying at the top are

investment mistakes that come naturally to most people,
since emotion negatively affects investment decisions.

4. Consider consolidating your retirement accounts.
Once you retire, consider consolidating your IRA accounts.

Chapter 6: Your Action Plan