Best Kept secrets of financial planning
Some nice points made by a columnist at Yahoo Finance. I extracted the 6 points that she has mentioned and put it in here. Hope you find them useful.
The Six Best-Kept Money Secretsby Laura Rowley
1. Understand what you can control, and what you can’t.
“Too many investors spend time trying to predict what the market will do, where interest rates will go, or which fund manager will have the best year — things that, ultimately, they have no control over,” says Fran Kinniry, principal in Vanguard’s Investment Counseling and Research Department.
“Meanwhile, they’re not focused on the things they can control, such as keeping their investment costs down; maintaining a proper, balanced, tax-efficient portfolio; and taking maximum advantage of savings opportunities, such as an employer match in a 401(k),” Kinniry says. “Understanding and acting on the things you can control is the best way to prepare for long-term investment success.”
2. You know […]
Original post by Everything Finance