When investing, it is important to keep a long-term view and keep in mind what drew you to an exchange traded fund or a stock in the first place. Don’t let yourself become distracted and don’t get caught up in an endless hunt for the next big thing.
But this trait leaves us like a dog chasing its tail. We’ll never truly catch it and if by some oddity we did manage to catch our tail, then what? We’d just start chasing it again. We are never happy. We are always looking for the next big thing.
So, it is no surprise that we also chase performance in our investments. Nobody cares about a stock until it suddenly starts moving higher. Then everybody wants to know more. How high can it go? Which is the next big stock? Is it too late to buy?
We’re also consistently checking our existing investments and comparing them against others. And when we’re buying new investments it’s mostly about performance – nobody buys from the bottom of the performance table. We always start our search by looking for the top performers.
Denne historien er fra 10 August 2017-utgaven av Finweek English.
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Denne historien er fra 10 August 2017-utgaven av Finweek English.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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