There are costly investment mistakes you can make that can impact your quality of life in retirement or even delay your ability to retire as soon as you would like. During volatile markets, those mistakes are often amplified. Pure Financial’s top execs, Joe Anderson, Brian Perry, and Alan Clopine share their decades of experience to steer you clear of those mistakes at every stage of life.
Important Points:
(00:42) – Costliest Investment Mistakes
(01:24) – Stock Investments vs. Stock Investors
(02:30) – Avoid the Costliest Investing Mistakes:
- Procrastination
- Investing Without a Plan
- Failing to Diversity
- Emotional Investing Mistakes
- Not Controlling Fees & Taxes
(03:25) – Retirement Savings Accumulation at Age 65
(05:11) – Monthly Savings to be a Millionaire
(06:34) – Stopping & Restarting Retirement Savings to Age 65
(09:16) – Habits of Planners vs. Non-Planners
(10:23) – Investing Mistakes
(11:36) – Failing to Diversify
(12:39) – International Investing
(19:00) – Impact of Higher Internal Fund Fees
(20:34) – Reducing Income Taxes in Your Portfolio
(22:07) – Ask the Experts
(23:33) – Pure Takeaway: How to Avoid the Costliest Investing Mistakes:
- Invest Early and Regularly
- Create a Financial Plan to Guide You
- Select Investments to Achieve Your Plan
- Don’t Make Emotional Investing Decisions
- Pay Attention to Fees & Taxes
