How Can You Avoid Costly Investment Mistakes?

Contributed by Eileen Stoner, The Stoner Group

Sometimes taking the next step toward improving our financial situation may be difficult.  Do you feel like this is true for you?

If so, first of all I understand.  And secondly, you are not alone! I talk with many women who tell me there are times where they may feel under-confident when it comes to financial matters.

How can you avoid making financial mistakes?  Making a plan that is designed to help meet your financial goals before a decision is made is a good start.  This is where an experienced financial advisor can help. A financial advisor can be a guide as you clarify your goals and then build a financial plan to meet them.

Having a plan may also help to avoid a very common investment mistake—making poor investment decisions during market downturns. Volatile markets can make investors anxious; causing them to react disproportionally.  Generally speaking, financial decisions driven by emotion are often poor decisions.[1]

Stay tuned, we’ll dive deeper into the topic of women and wealth next month!

Eileen Stoner is a Financial Advisor in North Carolina with UBS Financial Services Inc. a subsidiary of UBS AG. Member FINRA/SIPC in 16810 Kenton Drive, Huntersville, NC 28078 and is a Chartered Retirement Planning Counselor and Certified Divorce Financial Analyst. The information contained in this article is not a solicitation to purchase or sell investments. Any information presented is general in nature and not intended to provide individually tailored investment advice.  Investing involves risks and there is always the potential of losing money when you invest. The views expressed herein are those of the author and may not necessarily reflect the views of UBS Financial Services Inc.  As a firm providing wealth management services to clients, we offer both investment advisory and brokerage services. These services are separate and distinct, differ in material ways and are governed by different laws and separate contracts. For more information on the distinctions between our brokerage and investment advisory services, please speak with your Financial Advisor or visit our website at ubs.com/workingwithus. For designation disclosures visit https://www.ubs.com/us/en/designation-disclosures.html   

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