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These things are more important than being a brilliant stock picker or market timer, and way easier. Having a disciplined process helps you deal with the short-term noise (and friendly tips) and focus on the things you can control: how much you’re saving your long-term asset mix and what you’re paying to invest. There are lots of distractions to take you off course, and, of course, the outcome is always uncertain. The task goes on longer than anything you’ll ever do. That’s because being a disciplined investor is a challenge. If it is, the self-congratulations should be about process and routine, not short-term results. Hopefully, your review will be this positive in three years. I must say though, the first 200 pages have already changed how I think about investing. Work in progress : I promised my adviser I’d read a Warren Buffett book, but I haven’t finished it yet.

The great normalization has crushed investor sentiment - and that may be a sign the worst is over.

Tom Bradley: Buying stronger companies in times of weakness can give investors the nerve to be countercyclical.

What's baked into the cake? That's a question investors should always be asking.

But I didn’t need the money (not likely until 2040), so I kept telling myself that lower prices meant buying more shares with my contributions. My portfolio was down a lot, and everyone was talking about a recession. I just spend a few minutes every quarter reviewing my account statement.ĭon’t blink: It got pretty ugly there for a while. I mostly own funds, so I tried to limit myself to checking my main account once a month.

Given that there are almost as many down days as up, I was putting myself through the ringer even though I was doing OK. We react twice as much to bad news as we do good news. Less but better: It’s true what they say about looking at your investments too much. This advertisement has not loaded yet, but your article continues below.