Читать книгу Ignore the Hype - Brian Perry - Страница 25

So, if attempting to mimic the behavior of institutional investors by analyzing and reacting to the day-to-day gyrations of financial markets is unlikely to produce the outcomes you desire, what should you do?

The answer is fairly simple and one that you've undoubtedly heard before. You should start with a financial plan that clarifies and specifies your financial goals. Then, you should find an investment approach that works for you and stick with it for the long haul. And of course you should do all of this in a tax-efficient manner, since a dollar saved is a dollar earned.

Of course, that's “boring” financial advice and also easier to say than to do. Therefore, the remainder of this chapter will attempt to provide you with a better understanding of why financial advisors often give this advice. This chapter will also demonstrate the downside of deviating from your long-term approach.