If you’re like me, you recently drafted players for your Fantasy Football team. As you sat online with thousands of other fans and fanatics scattered nationwide, chatting about and nabbing the best running backs, quarterback and kickers for your imaginary team, you may feel you learn little about investing. Wrong call.
Fantasy Football is a billion dollar business that has more to do with investing than you might think. The thought process involved with picking and managing your team can be similar to investing in your 401(k).
Here are mistakes to avoid on the make-believe gridiron and in our very real stock market.
The stock market has taken us for an emotional ride during the past couple of months, and you may be asking yourself if you should make changes to your investment portfolio. While changing strategies can be a good idea, it’s better to base those decisions on analysis and in the context of your long-term investment plan rather than on emotion. Before changing your investments, consider whether or not your response is an overreaction to the news.
It is always good to review your portfolio on a quarterly or annual basis to make sure you are on track to reach your goals.
Click here for the questions you should ask yourself when thinking about making changes to your investments.
So, how do you stop the market from making you crazy?
The current market is a reminder that days sometimes feel long, while years pass quickly. Don’t confuse that feeling and make long-term moves based on what’s happening on any given day. That’s how years pass and you wind up short of your goals, when the odds were in your favor that staying the course would have paid off.
Read more by clicking here.
What is a bear market? Bear markets are normal, but not predominant. Statistically, we are overdue. The most recent bear market ended in March 2009 — more than six years ago.
Learn how to survive the Bear Markets here.
Should I pay off my debt or start investing? This question, perhaps more than any other, has plagued investors for generations. Ironically, it is one that can be easily decided by using a bit of simple math.
Read more here.
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