It’s Not How You Look ; Just That You Win - The Prepare Institute: Preparing Americans for Retirement

It’s Not How You Look ; Just That You Win

In today’s day and age, many people are more about style and looking good than winning and being successful. Unfortunately, that objective can really hurt you.  This is especially true when it comes to investing, as it can really make a big difference in the ultimate value of your retirement plan. 

We just got through one of the most competitive time periods of the year in sports over the last couple of weeks, consisting of the college basketball championship tournament and the Master golf tournament.  If you watched both of these tournaments, you would know that the teams and players who won did not always look real good doing it.  In fact, sometimes those champions did some things that looked pretty ugly.  However, they won.

The same thing applies to investing in your pre-retirement and retirement years.  The markets are a very popular topic right now, especially with the very long bull run continuing since 2009.  Obviously, in this type of market you can do real well.  And for many investors, it becomes about hitting home runs and maximizing your returns.  However, after volatility spiked in December of last year, this type of strategy can hurt you pretty quickly. 

During your pre-retirement and retirement years, your investment strategy needs to be about winning and not necessarily about looking good.  For more detailed information on this any many other areas of retirement and estate planning, visit The Prepare Institute website and find an upcoming retirement education course in your area.    Content is for educational and informational purposes only.  It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation. You should contact your retirement and tax professional before utilizing any of the information in this article.