Common Investment Mistakes
According to Kelly Ruggles
There are many investment options and investors easily can
become confused about which is right for their personal situation.
Common mistakes made by investors can include; trusting past
performance of mutual fund and portfolio managers, allowing
emotion to dictated investment choices and not being diversified
In addition Kelly Ruggles, along with most advisors believes
trying to time the market is futile as no one has been successful
following this strategy over time. Experience show long-term
investors actually out-perform those who buy and sell on a
According to Kelly Ruggles, studies show there is no correlation a
manager who has preformed well in one period of time will do the
same in the future. Choosing a manager by how well they have
done in the past can and often leads to a loss. Track record
simply does not work.
Investors often feel demoralized when past investment decisions
have causing financial loses. Kelly Ruggles believes these are
the times an investor must take charge and get the education
and information to make the best decisions for their particular
situation. The longer a person spends in speculation the higher
the chances for financial loss.
Lastly, investors often mistake lots of items on their statement as
diversification when in fact they often own the same stocks over
and over again in different mutual funds. It is widely accepted that
true diversification is one of the best ways an investor can reduce
risk in their portfolio.
If you would like to know about the services provided by Kelly
Ruggles, please go to: www.kellyruggles.com.