This 1 Investing Mistake Is Quietly Destroying Your Long-Term Returns. Here's What to Do Instead.

Yahoo Finance ·

People spend so much time thinking about and trying to identify the best stocks and ETFs that they usually forget about the one thing that can be most damaging to their returns: themselves. Most investors start with good intentions. They'll establish a reasonable portfolio allocation and plan to hold on to it for years. The problem arises when there's a market correction and people find they're more risk-averse than they thought. That usually results in people selling their stocks at the wrong time, which is after they've already gone down. "I'm going to wait until things get better" is a common refrain. The problem is that this usually means they only buy back in after the recovery has happened. In other words, this is textbook "sell low, buy high," which is exactly what you don't want to do when investing for the long term.

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