The No. 1 factor behind Americans' most successful investments—and their worst
Publishing timestamp: 2023-10-20 10:42:46
Summary
A recent survey conducted by Charles Schwab found that investors attribute their greatest investing success to patience through volatility. Other factors such as careful research and high returns also played a role. On the other hand, lack of research, bad timing, and high risk were identified as the biggest culprits behind investors' worst trades. Experts suggest that the winning formula for most investors is to buy assets that appreciate, hold them over a long time period, and allow compounding interest to work its magic. It is important to keep the reason for buying in mind and to have a broadly diversified portfolio. Conducting necessary research and setting up guardrails for making sound decisions are also recommended.
Sentiment: NEUTRAL
Tickers: SCHW,
Keywords: charles schwab corp, personal finance,
Source: https://www.cnbc.com/2023/10/20/schwab-no-1-factor-behind-americans-most-successful-investments.html