Article Having a Plan is the Basis of Success

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“To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework.” Warren E. Buffett (Preface to “The Intelligent Investor” by Benjamin Graham)
Any veteran market player will tell you that it’s vital to have a plan of attack. Formulating the plan is not particularly difficult, but sticking to it, especially when all other indicators seem to be against you, can be. This article will show why a plan is crucial, including what can happen without one, what to consider when formulating one as well as the investment vehicle options that best suit you and your needs.
The BenefitsAs the “Sage of Omaha” says, if you can grit your teeth and stay the course regardless of popular opinion, prevailing trends or analysts’ forecasts, and focus on the long-term goals and objectives of your investment...
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