What are the keys to being a successful long-term investor?
It depends on a lot of things. However, for most success means creating a well thought out, suitable, cost-effective investment plan, and patiently sticking with it. The Fox Financial approach is one that emphasizes human behavior management just as much, if not more so, than it does money management. This is not to say that it is particularly easy to help clients keep in check the very powerful human emotions of fear and greed, but it’s a heck of a lot easier than trying to successfully time the market for the next forty years. Perhaps the real key here is defining the term “successful.” Because our clients typically have anywhere from 35% to 75% of their portfolios invested in diversified stocks, it makes sense that an expected long-term rate of return will fall somewhere between what a portfolio kept in the bank would return and what a portfolio invested entirely in stocks would produce. So in this case “successful” means achieving a return within this range, skewed one way or anoth
