The dictionary defines attitude as “a mental position or feeling with regard to an object.” I define it as something you must have in order to achieve your goals in the market.
Long term investing is not easy. The short term thinking that goes on in our financial markets can make it difficult for investors to remain focused on their financial goals. Every newscast, newspaper, magazine, etc. is an immediate expert at reporting the obvious to you. It makes for good press and sells more advertising but does you a disservice if you sell before it is time.
As corporations continue in business, they increase their sales and earnings per share, and eventually that becomes reflected in the price of the stock. If we as investors’ base our stock market thinking on that fact and not let ourselves be swayed by day to day events, our investment decisions are likely to be much more rewarding. Remember, when we buy a stock or a mutual fund investing in stock, we hire management to run a business for us , and one of the main jobs of management is to solve problems and carry business on to new highs.
Please call 847-290-0753 if you would like to discuss your investment attitude.
