As a CERTIFIED FINANCIAL PLANNER™, I’m constantly communicating with investors who develop ideas and opinions about the stock market. I truly understand their angst. I too struggle to make the best decisions with my personal funds, which is why I hired a financial planner for myself! With all the uncertainty that surrounds the market, we decided to put together a list of 24 of the most interesting investing statistics we think you need to know before diving in.
Just about every day we hear how bad finances are in this country. Unfortunately, we tend to be apathetic and to accept those statistics. So it’s important to learn all we can about finances to drown out the excess noise. On the opposite end of the spectrum, some tend to discredit the stats altogether. However, both attitudes are dangerous.
The takeaway from all these numbers is some of these approaches can be costly! Don’t make the mistake of not learning from the mistakes of others. Before we start any investment, it’s crucial to get acquainted with the market and understand how these investment stats apply to you. An even better plan is to leave the statistics to the pros. The volatility can hinder your ability to effectively invest because of what we call “investor emotion”. It is too easy to make decisions based on a hunch or fear that something is “about to happen soon”. This perfectly natural human emotion can be harmful to your long-term financial well-being.
Need more information? Certified Financial, Business Growth, and Retirement expert Justin Goodbread is available for blog interview or podcast guest hosting. Click to schedule time with him.