Slow and Steady Is the Way to Go

Topics discussed: In the old fable The Tortoise and The Hare we find this classic tale of the slow and steady vs. the erratic and volatile. This fable lends itself well to many financial analogies, and rightfully so. Looking back at my personal investments over the years, I am pleased with the prudent, tortoise-like decisions I’ve made yet I still experience some level of disappointment as I reflect on a few emotional, hare-like choices that I now regret. As an analogy for much of life, investing is a marathon, not a sprint. In TOM this week, let’s examine the nuances of taking one’s time when investments are involved and how easy it can be to rush toward a fast buck. And off we go… Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com