— Jermey J. Siegel
No one is asking you not to feel the fear, because there are very few of us who ever actually become immune to the emotion. You have to be who you are, and you have to fell what you feel. You simply have to refuse to act on the feeling.”
— Nick Murray from ‘Simple Wealth, Inevitable Wealth” p. 71
I promise you that, if the price of your house were listed everyday in the newspaper, you’d have been scared into selling it two or three times in the last twenty years. But it’s not, so you didn’t — and look where the price is compared to twenty years ago.”
— Nick Murray from ‘Simple Wealth, Inevitable Wealth” p.75
Dividends still don’t lie p. 6
The three activities [for successful investing] are nothing more than being mindful about your investments and investment decisions. You put thought and consideration into other critical areas of your life, why shouldn’t you do the same about your investments? Think of it this way: By entertaining some mindful decision-making about your investments, you just might eliminate any fears and anxiety you may have about your financial future. How’s that for a payoff?”
The performance-oriented approach has three areas of focus: understand what you need so you can establish achievable goals; make investments with the highest probability for meeting those goals; and limit taxes and expenses.