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CEO & Chief Investment Officer,
White Oaks Investment Management, Inc.
Phone: 941.361.9000 Ext. 101
Robert Klosterman, CFP® is the CEO and Chief Investment Officer of White Oaks Investment Management, Inc., a fee-only investment management and wealth advisory firm. Bob is the author of the book, "The Four Horsemen of the Investor's Apocalypse. White Oaks has been recognized by CNBC.com as one of the "Top 100 Fee-Only Wealth Management firms in the country.
Trying to time the market rarely works out well. Instead, be sure to have enough cash on hand to cover you in good times and bad.
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You should focus on the long term and investing in relatively cheap assets.
Comparing your portfolio with a benchmark may not be the best way to evaluate your investing performance.
If you have this chance to earn more, be sure to take maximum advantage.
Those in the market don't want to see their decisions as market timing. But too often they are.
Understanding the economy is important, but smart investing focuses on costs, tax effectiveness and other factors.
Avoiding these planning mistakes can put you on the right path toward financial independence.