For the next ten seconds, stop everything you’re doing.
You just learned the investment trick. In case you missed it, let’s try it again. Imagine you just heard that a well-known financial guru has predicted the market is going to crash in the coming weeks. Here is the investment trick: stop everything you’re doing.
Did you catch it?
You paused. You didn’t react. You didn’t text your advisor. You paused.
That’s one of the best things you can do as an investor. Do nothing. Pause. Reflect. Think. Examine. Channel your inner cave boy. Don’t just do something. Sit there.
The proceeding blog post is an excerpt from Get Money Smart: Simple Lessons to Kickstart Your Financial Confidence & Grow Your Wealth, available now on Amazon.
About the Independent Financial Advisor
Robert Pagliarini, PhD, CFP®, EA has helped clients across the United States manage, grow, and preserve their wealth for the past 25 years. His goal is to provide comprehensive financial, investment, and tax advice in a way that was honest and ethical. In addition, he is a CFP® Board Ambassador, one of only 50 in the country, and a real fiduciary. In his spare time, he writes personal finance books, finance articles for Forbes and develops email and video financial courses to help educate others. With decades of experience as a financial advisor, the media often calls on him for his expertise. Contact Robert today to learn more about his financial planning services.