What are your investing beliefs? Most investors haven’t taken the time to consider that question, let alone to answer it. During the sharp stock market slide in 2008, some investors started following particular gurus who claimed to have predicted the financial crisis. These investors wanted to believe that someone out there could predict important financial events and tell folks how to time their investments to benefit from what was about to unfold. Such market timing is a fool’s errand. It sounds possible, and we’d like to believe that it is possible, but it’s not possible on the scale various charlatans would have you believe.
As a reader of this book, you probably have a better idea of your investment beliefs than most investors do. To help you along in this process, here are some beliefs for you to consider: