If you are just getting started in investing through a company 401K plan or you are self-employed and have decided it is time to contribute to an IRA, there is one characteristic that you all have in common: You are about to embark on a journey that favors the well-informed. There are many personal and behavorial qualities one needs to go along with this, but this, you will discover, is the KEY.
Knowledge is the KEY to everything. The equiites market is made up of many who operate on rumor. That is almost a no win situation. But knowledge (the KEY) alone will not unlock the door. For the lock to this door needs to be finessed.
In order to be continuously successful at ANYTHING in life, one needs to have a great deal of conviction. Because even if you are right, you may be early (See the movie: The Big Short). And if you are too early and right, you will still lose without conviction and the ability to HOLD or better yet, additionally buy through the time period by which you find yourself too early. If anyone reading this, fully engages this philosphy, you will be well on your way to being in much more command of your financial future than you previously thought possible.