Tiny changes here can lead to dramatic results in your life. That's why Clear calls them atomic habits. Atomic means both extremely small... and explosive. For example, if you go to the gym three times, you are unlikely to notice any real changes to your body except for an uncomfortable soreness. However, if you go to the gym regularly for six months and follow a proven routine, you will see incredible changes. And so will everyone else. Not maybe. Definitely. (And that uncomfortable soreness? You'll actually start to look forward to a pleasant "burn," which is your muscles breaking down before they build back up firmer... and stronger.) What does this have to do with investing? Just about everything. In my previous life as a portfolio manager, prospective clients who came to me were often enormously frustrated. These were successful businesspeople or professionals - doctors, engineers, pilots - and plenty smart, but struggling to earn decent returns with their portfolios. When I took a look at what they were doing, it didn't always make a lot of sense. They owned a bunch of stuff. They weren't really sure why, except that they wanted to diversify. They didn't have an asset allocation. They didn't have a buy or sell discipline for the securities they owned. They often traded on emotion. And they paid way too much in fees and commissions, many of them hidden. In short, they didn't have a system. Or they had one that didn't work, wasn't easy to understand, and, not coincidentally, was paying for their advisor's lavish home in a gated community. Is it any real surprise that things weren't really working out? I've spent the last two decades at The Oxford Club, distilling everything I've learned in 35 years as a research analyst, portfolio manager and financial writer into a simple, battle-tested investment system. My goal is to help everyday men and women reach financial independence, whether they define that as being happily debt-free or building a seven- or eight-figure net worth. The minimum goal is to no longer worry about money. The more usual goal is to have enough to live their dreams. Over the course of the next several columns, I'm going to explain exactly what our system is - and the habits you need to adopt in order to benefit from it. Wealth is created by following a system, proven habits that lead to uncommon results. I'll have more to say on this important topic in Friday's column... Good investing, Alex | 
No comments:
Post a Comment