Who doesn’t like a listicle? I’ll let you read it if you want, but here’s the intro:
The best thing you can do for your portfolio may be absolutely nothing.
A steady, mechanical approach to investing is a predominant theme throughout Heads I Win, Tails I Win, a new book released today by Wall Street Journal“Heard on the Street” writer and editor Spencer Jakab. The former Credit Suisse stock analyst emphasizes that the vast majority of investors are wired to think they’re better at making money than they actually are—and that we ignore all evidence to the contrary.
The solution? “Put into place a process that will stop you from sabotaging yourself,” Jakab recommended when we spoke to him this week. That means investing in a methodical—and even mechanical—way, rather than reacting to the ups and downs of the market and pundits predicting gloom and doom on TV.