Comments on: The 7 Deadly Sins of Investing

By: Alexi Zemsky

Alexi Zemsky — Sat, 15 Mar 2014 10:28:00 +0000

Personal capital is fantastic for both listing the fees for all of your funds, as well as showing you your overall asset allocation.

It takes about five minutes to set up.

The fee piece, in particular, is very motivating in terms of taking action steps to improve your portfolio (i.e. moving money out of expensive funds and into inexpensive index funds.)

Personally, I’m not a fan of paying them a dime for their investment services.

Alexi

By: Kalen Bruce

Kalen Bruce — Sat, 01 Mar 2014 18:58:47 +0000

Doing #7 because of #2 is common and dangerous. This is especially true for value investors or people who want to be value investors anyways. They have a plan to own a company’s stock for the long haul, but they give into fear and sell when the company starts to tank. It’s a dang shame!

By: J. Money

J. Money — Fri, 28 Feb 2014 22:56:59 +0000

In reply to J Dub. Sounds like you're on a good track to getting to that log cabin too! Dreams will = reality soon, my friend - keep investing!

By: J. Money

J. Money — Fri, 28 Feb 2014 22:55:29 +0000

In reply to Marissa@Thirtysixmonths. Awww, thanks Marissa! Appreciate it!

By: J Dub

J Dub — Fri, 28 Feb 2014 05:28:48 +0000

I’m heavily invested in Vanguard target date and Wellesley funds but not everything. I use Fidelity to hold all of my rollover IRA’s and Roth IRA. I’ve taken the slow and steady approach and set it and forget it. My company just started offering the Roth 401k. I’m sinking 7% into that and 15% into my 401k. My company matches 3%. Started investing with my first real job @ 21 and I’ll be 38 in march. In those years of investing I’ve learned a few lessons some harder than others. Would love to retire early to a log cabin in the mountains!!! Maybe one day, a man can dream. Cheers!

By: Marissa@Thirtysixmonths

Marissa@Thirtysixmonths — Thu, 27 Feb 2014 07:57:24 +0000

This problems really occur in investment fields. It’s nice to hear that people can be aware of this. You’re a great writer J. Money. I love reading your article.

By: Crystal

Crystal — Wed, 26 Feb 2014 22:55:23 +0000

I think are only “sin” is failing to follow a plan…we have a general investing plan, but we don’t have a normal amount to invest. It all depends on how fast we get our Roth IRA’s fully funded…

By: theFIREstarter

theFIREstarter — Wed, 26 Feb 2014 18:05:57 +0000

In reply to J. Money. You can also practically forget about rebalancing if you go for one of their diversified funds which contain stocks and bonds and wotnot. They are called life strategy funds over in the UK. I'm not sure what the equivalent is in the US but they'll definitely have one/some as you always have more investment choices than us! :)

By: J. Money

J. Money — Wed, 26 Feb 2014 17:04:51 +0000

In reply to royalsfan.

I’ll agree with that. A perfect world is low fees and high returns :) Though usually you don’t get high returns consistently, whereas the fees are – so that’s something. Not that I’m the expert here obviously – I don’t even know how high my fees are currently!

By: J. Money

J. Money — Wed, 26 Feb 2014 17:02:19 +0000

In reply to Ryan @ Impersonal Finance.

Indeed! I’m revert to holding forever just out of laziness anyways – it’s perfect! ;)