The Four Horsemen
The Four Horsemen
In Chapter Nine of 3D Retirement Income, I discuss the Four Horsemen, the Behavioral Mistakes that Destroy Us as investors.
The First Horseman – Chasing Returns
The Grass is Always Greener in Another Investment
Our propensity to constantly change our investments is killing us.
The Second Horseman – Poor Diversification
All Our Eggs in One or Too Many Baskets
Both under-diversification and over-diversification can destroy our portfolios.
The Third Horseman – Market Timing
Lose by Not Winning
You must be right twice to play this game, and most people lose on one side or the other.
The Fourth Horseman – Panic
The Big Mistake
Seeking to stop our losses, we sell at the bottom of a crash, turing a temporary decline into a permanent loss. There is no recovering from his Horseman. Avoid him at all costs.
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This article is educational only and is not intended to be investment, legal, or tax advice or recommendations, whether direct or incidental. Again, this is not investment advice. Consult your financial, tax, and legal professionals for specific advice related to your specific situation. Never take investment advice from someone who doesn’t know you and your specific situation. All opinions expressed in this article are the opinions of the people expressing them. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. RetireMentorship is not affiliated with any Registered Investment Advisor, Broker-Dealer, or other Financial Services Company.
