Why Gardening Can Help You Manage Your Portfolio Better
Posted by John Marshall on
An article appearing in Real Investment Advice reveals how gardening can help you manage your financial portfolio better.
"Managing your portfolio has more to do with gardening than you might imagine. Over the last decade, behavioral finance studied investor psychology and identified the repeated behaviors investors make throughout market cycles. As you can probably surmise, investors tend to develop many “bad” behaviors, which are the biggest reason for underperformance over time."
Author Lance Roberts says, "Over the years, I have found that the concept of “gardening” tends to resonate with individuals in portfolio and risk management."
Interested? Read more.