Is Your Retirement Slipping Away? How Are You Going To Rebuild Your Wealth?

July 31, 2009 | Filed Under Stock Market

by Marc Abrams

My retirement projections are all wrong! They were based on annual returns of 8% to 10%. That is what I was told I could expect. How many of you are facing the above situation? Well, we are now in a new era and there are new questions to be asked. What are you going to do?

No one is going to look out for you better than YOU! You can no longer rely solely on the advice of your stock broker or financial advisor. You need to take control of your investments.

Are you waiting for those losing stocks to recover, you know, the ones that you have an emotional tie to? You as an investor must teach yourself to think differently. That is entirely alright. Who cares how those positive investment returns will come. What is important is that they do come.

The reality is that the average investor’s thinking needs to be changed. We need to teach ourselves to invest with common sense, not emotion. I treat my investing like a business. If a particular trade is not working out as planned, I close it out and move on.

I have been told my real estate investor clients that the profit for a property is made at the time of purchase, not on the resale. Is it possible to apply that thinking to the stock market? Absolutely, I have clients that do that very thing.

A change in thinking will shift your focus to monitoring the trade during its expected life. I say expected life because that is known prior to entering into the trade. You will no longer just hope for a particular trades increase in value. Yes, you will know your exit strategy prior to entering into the trade!

All trades have a life cycle. You need to teach yourself to operate your investing activities like a business, watching the trade through its life cycle. I can assure you that you will feel in control and not at the whim of the stock market.

Surprisingly, there are stock market investing strategies that allow you significantly more control over the outcome. The stock markets most successful investors do not just hope things go their way. They have tools at their disposal and they use those tools to give them the best chance of success.

Successful investors rely strategies that tip the odds in their favor, and they have learned to treat investing like a business. What are these strategies? Well, that is beyond the scope of this article. However, in order to find success you can start by changing the way you think.

About the Author:

About the Author: Marc Abrams is a Certified Public Accountant with over 15 years of financial and investing experience. Visit Marc’s website for more information on stock market investing to help rebuild your wealth.

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