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4th Quarter Fallout

4th Quarter Fallout

Mistakes 401k Participant Might Make After Reading Their Latest Statement

Passions routinely lead to bad decisions. Retirement savers must control their passions. They must possess the discipline to sit quietly when everything in their heart (not their brain) tells them they must act. “The single worst decision someone who is saving and investing for retirement can make in a period of sustained market volatility is to make emotional decisions with their investments and savings,” says Lloyd A. Sacks, Managing Director, Sacks & Associates Wealth Management, Bridgewater, New Jersey. “It is generally very easy to get scared out of a position, and emotions can override rational reasoning, common sense, and the logic that we used to make the investment decisions in the first place. I am always reminded of what Darcy Howe, a VP with Merrill Lynch, once famously stated about investing: ‘I’ve always felt that investing is like a bar of soap. The more you handle it, the smaller it gets.’”

Read the full article on fiduciarynews.com »

Sacks & Associates is a wealth management firm catering to individuals, families and small businesses specializing in personalized investment strategies and sustainable retirement planning. We partner closely with our clients to help set individualized long-term financial goals and growth strategies.


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