Do What’s Always Worked

By: Joe Morgan

Apr 28, 2022 | DiversifiedLong-Term PortfolioMarket Crash

Prefer to listen rather than read? Pair this post with Deliberate Money Moves Podcast: Do What’s Always Worked.

When tying your future wealth to something through investment, be sure what you are doing has always worked in the past. Don’t be distracted by the odd strategy or “opportunity.” Most of these are not scams, strictly speaking, but they promise more than they can possibly deliver.

Importance of a Diversified Portfolio

You don’t want to live your life being concerned that your portfolio may not support your lifestyle. So, instead of trying to hit home runs, take the small wins by investing in a strategy that has always worked. Invest in a diversified portfolio of the world’s greatest companies, knowing that there will be ups and downs. You will always have millions of people getting up each day trying to fund your retirement by doing well for their employer.

Are You Skeptical?

If you are worried whether this has always worked, think about this. Are you familiar with the phrase the market is at an all-time high? I would bet you are as it happens on average many times per year. You hear it in the news as a warning that surely the market must go down.

The very fact that the market is at an all-time high so often means that the strategy is working. It means Company Stock prices, taken together as a group, have recovered all the past losses and have extended those to increases not ever seen before.

That’s what you want and need to fund your future spending. The only place I know to get it is a Diversified Portfolio of companies in your Long-Term Portfolio.

Here’s this week’s Best Financial Life tip of the week: Do What’s Always Worked.

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