Episode description

Welcome to episode 149 of Profit Boss® Radio! In this episode, I’m taking a peek behind the curtain to reveal the top eight investment mistakes that can derail your retirement.

Why am I covering this topic? Well, because if you are a listener of the show, not yet a client, there is a large possibility that you may be managing your investments on your own, or perhaps you have a relationship with a financial advisor who has saddled you with investments you have mediocre confidence in. If that is the case, I want to equip you with knowledge that can inoculate you against making these common investment missteps that can undermine your ability to reach your full wealth potential. You see, the financial mistakes that can negatively impact your financial trajectory are often the ones you don’t see coming or don’t know to watch out for.

Lucky for you, you’re a listener of Profit Boss® Radio, and I’m about to blow the whistle on investment mistakes that can cost you significantly in retirement. 

• Mistake #1: Making Investment Decisions Based on Emotion

• There is a lot of chatter in the media about the markets. If you listen to what the pundits have to say, you may be swayed to make emotional reactions to the market rather than remaining objective and steadfast.
• Find out why you should never make emotional investment decisions and how these sorts of decisions usually end up.

• Mistake #2: Using Name Brand Mutual Funds that Cost Too Much

• How to know if a mutual fund has high returns
• Why you should pay attention to how a fund performs relative to the benchmark
• Why name brand mutual funds are so expensive and who ultimately absorbs the costs

For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/8-investment-mistakes/

Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.