Many people deal with investing like they are hungry and driving around aimlessly looking for a place to eat. When it comes to investing, it’s essential that you have the context of a financial plan.

This mistake is closely tied to #1. Without context, you have a tendency to make “instant choices,” decisions that appear good today but may have unintended consequences.

Brokers, bankers, and insurance salespeople are not fiduciary advisors. They may be nice people that you see at church or the club, but their interests come before yours due to how they are paid.

Most of us learn from experience the things we can do without help and those that require more expert assistance.

There has been substantial research over the past couple decades within the area of behavioral finance.

The rate of inflation is a “silent killer” for many investors because most people only pay attention to pre-inflation rates of return.

Day-to-day or week-to-week price fluctuations are not the same as permanent loss of investment capital.

Many investors underestimate the role of emotions in their decisions. While it is impossible to totally separate emotions from investment choices, understanding your emotional makeup is a good first step.

Attempting to out-smart the markets is a common, yet dangerous, practice. Decades of data demostrate the futility of this approach. 

Your financial success and life are not linear. Investing goals, timeframes and circumstances can change over time.

In our 50’s, you might think we would know better. Armed with decades of life experiences and decision-making, we reach our peak earnings years full of financial wisdom. Right? Well, not so fast.

Named to 11 "Top Advisor" lists by Worth, Money & Medial Economics, James is a proven thought leader among fee-only financial planners. James guides successful individuals on the path towards financial independence. 

James E. Wilson, CFP

As Seen In...

100 Most Influential Advisors Investopedia 2017
The New York Times
Medical Economics
The Wall Street Journal