Avoiding Small Mistakes Can Lead to Big Gains

Investment success often hinges on the smallest decisions – one seemingly meaningless choice can quite literally make or break the bank. Unfortunately, it’s difficult to narrow down every single “right” choice that investors should be making. Often times their portfolios or financial planning goals are too varied to offer a one size fits all solution. That being said, there are two mistakes (that may seem mundane) that actually make a big impact on whether or not your investments succeed.

First, married couples often focus on their investments as individuals rather than viewing their portfolio as a single unit. If a couple pools their investing in the best option available rather than accepting the retirement plans they both have individually, they’re more likely to find success in their investments long term.

Second, investors often excessively double investments. It’s possible that you own too many exchange-traded funds, or mutual funds focused on the same asset class. Making sure that your portfolio remains diversified – including the kinds of assets you’re investing in – is a sure way to maintain a successful portfolio that has well diversified investments.

Read more about avoiding investment mistakes to maximize your money in our article in the Columbia Daily Tribune.

As a financial planner specializing in comprehensive financial planning, Tim enjoys helping clients in Columbia, MO with managing their taxes, financial risks and other financial issues.

If you would like to learn more about this and other personal financial planning topics serviced by Clarity Financial please contact us at 573-447-7007. Clarity Financial, LLC is a fee-only financial advisory firm in Columbia, MO. Appointments are welcome and initial consultations are free. 

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This article is the property of Clarity Financial LLC.