What is a successful investing mindset, and how do you develop it? While part of investing is understanding terminology and strategy, a good financial adviser can also be part "psychologist" and help you navigate the anxiety of an ever changing market. Ed Lambert explains this.
The worst thing you can do is give in to your instincts and over-react when the market changes. Alex explains why it's important to always stay invested throughout various economic environments. Just ask Warren Buffet.
Finally, it's crucial to not be influenced by the financial media. The media knows that bad news drives ratings more than good news. Ed explains this in depth with co-host Jag, a former broadcast journalism major.
Resources:
Birch Run Financial Website
Email Alex: ACabot@birchrunfinancial.com
Email Ed: ELambert@birchrunfinancial.com
Call Alex and Ed: 484-395-2190