Tadas Viskanta is the author and blogger of Abnormal Returns a site that I use on a weekly basis. In this recent interview with Morningstar he points out some solid common sense investing points.
The most important point that Tadas makes is that individuals need and should have an investor policy statement or IPS for short. This is a major focus for us at DWCM when working with clients. We find that putting together this important document which lays out your investment pathway is a key driver to the overall success of clients achieving their financial and lifestyle goals.
Another point that we stress and is noted in the interview is to understand and know your investment strategy. Although you may watch CNBC every day you don't necessarily want to be influenced by outside sources that would throw you off of your investment plan. Remember tips are for waiters not for investing plans.
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