To start with, each individual trader really should:
- Develop or revisit financial commitment aims, producing certain they are ideal
- Build a appropriate asset allocation using broadly diversified funds
- Management expense and
- Retain perspective and lengthy-expression self-discipline.
The very first 3 ways are integral to producing a superior financial commitment plan. The fourth action is required to get pleasure from the probable lengthy-expression benefits of that plan. Vanguard’s Ideas for Investing Accomplishment give a specific primer on all 4 ways. For our study on these and other difficulties, see Vanguard’s framework for constructing globally diversified portfolios.