A Battle Strategy For Your Financial Future: by Thomas Collimore, CFA, Director, Investor Education
A Battle Strategy For Your Financial Future: by Thomas Collimore, CFA, Director, Investor Education
A Battle Strategy For Your Financial Future: by Thomas Collimore, CFA, Director, Investor Education
FINANCIAL FUTURE
by Thomas Collimore, CFA, Director, Investor Education
The movie 300 is a depiction of the battle of Thermopylae, where
three hundred Spartans and their allies held off a superior number
of opponents for three days. The Spartans were great fighters, but
it was the outstanding idea of Spartan King Leonidas to do battle at
the Hot Gates, a narrow pass between a cliff and the ocean, that
limited the advance of the opposing army.
The lesson for investors is straightforward: A sound strategy can
make all the difference. There can be a number of misguided
reasons to act quickly: A friend might have a hot stock tip, you
might be afraid of missing out on the action, or you might panic
following a setback. Resist the temptation to make investment
decisions without a clear strategy.