We can all agree that attitude is one of the biggest predictors of success. Yet when it comes to investing, many people continue to have attitudes of confusion, fear, anger, and even apathy. Changing your attitude is the first step in creating successful investment outcomes.
8 Steps to Change Your Investment Strategy
Are you interested in the Snider Investment Method but not sure how to get started? Here are 8 straightforward steps to get you on the right track.
Creating a Succession Plan for the Snider Method
A question we consistently hear is, “I’ve been trading my account for years, and my spouse has no interest in trading whatsoever. What should I do?” Creating a succession plan is a very important piece to the financial planning puzzle. By creating a plan and educating those who will ultimately be left behind, you can provide your loved ones a great deal of comfort in a very turbulent time of loss.
Creating Cash-Flow
Have you heard the phrases retirement income, cash-flow investing or creating a retirement paycheck? These types of phrases are buzzing in the investing industry. There has been a shift from buying and holding stock to buying investments that can generate income for your portfolio.
Is the Snider Method Right for You?
Deciding how you will use your retirement portfolio to create sustainable income when you are no longer willing or able to work is one the most important financial decisions you’ll ever make. But it is certainly not the easiest. At Snider Advisors, we are clearly biased, but we believe the Snider Investment Method® addresses the need for producing retirement income like no other investment approach, to date, has.
What is your investment ‘Plan B’?
A client recently asked a great question, “What is our ‘Plan B”? I think part of the question stemmed from the idea that if we aren’t reacting to the market and its changes, we are doing something wrong. Adjusting our investments or calling an audible in the middle of the process makes investors feel good. Just like nearly every other decision, the change is driven by emotions yet investors fail to realize it. After the change, they normally come out feeling the portfolio is much ‘safer’ now, or they can make a whole bunch more money. (Fear & Greed) Rarely will an investor go back and evaluate previous decisions to decide whether or not it was advantageous in the end.
Common Investors’ Mistakes
Investors make the same mistakes over and over again. They are all well documented, but rarely do we try to recognize our errors, evaluate the decision making process, and finally, avoid the mistakes in the future. One of my favorite financial bloggers, Barry Ritholtz, recently wrote an article for The Washington Post listing Investors’ 10 Most Common Mistakes. Here are three and how we combat these mistakes with the Snider Investment Method.
The Process of the Tender Offer
The stock market is a place where buyers and sellers congregate to trade. Usually, when you sell shares, you can just click sell and the broker will match a buyer on the other side and vice versa when you buy shares. However, there may be a special occasion where a buyer will contact you directly with a proposal in the mail, stating that you can sell your shares through a tender offer.
Emotional Risk?
You will often hear that investors are worried about the risks associated with investments. They are concerned about inflation risk, market risk, and liquidity risk. There is one type of risk that should be a major concern for you, but it is often ignored. Are you concerned about emotional risk? The risk that you make investment decisions based on fear, greed, or worse, doing what everyone else is doing.
Questions Everyone Should Ask Before Retirement
With all the turmoil in the markets over the past several years many investors have been left questioning themselves whether they will have enough to retire the way they’ve always dreamed, or retire at all, for that matter. Whether your retirement years are right around the corner or many years off in the distance, there’s never a wrong time to evaluate your definition of retirement and what it means to you both ideologically and financially.
Combine that with our verifiable track record, which most investor education companies don’t have, and you see why Snider Advisors is in a class of our own – and the perfect solution for many investors nearing and in retirement.
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Irving, TX 75062
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Simple Strategies to Help You Rationally Evaluate Your Next Stock Purchase
Managing Investor Emotions
WHY YOU ARE YOUR OWN WORST ENEMY OF INVESTMENT SUCCESS
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