Title: 9 Bits of Conventional Wisdom You Should Ignore - CBS News
Headings: 9 Bits of Conventional Wisdom You Should Ignore
9 Bits of Conventional Wisdom You Should Ignore
Content: There are only a few good reasons to alter your plan: If one of the underlying assumptions of your plan has changed (something occurred to alter your ability, willingness or need to take risk)
If new evidence is presented from peer reviewed academic journals changes how you view investing. For example, just as Copernicus revolutionized the way we think about our universe with the 1530 publication of On the Revolutions of the Heavenly Spheres, in 1992, professors Eugene Fama and Ken French revolutionized the way we think about investing with the publication in the Journal of Finance of their paper " The Cross-section of Expected Stock Returns ." New investment vehicles are introduced that allow you to more efficiently implement your strategy. The introduction of index funds, tax managed funds, core funds, ETFs and other passive strategies have all helped improve our options. Photo courtesy of TheCreativePenn on Flickr. Next: Stay Informed
Stay Informed The New Finance: " Ignore the noise." The unfortunate truth is that for most investors, paying attention causes them to make all kinds of investment mistakes as their emotions take over.