2024 Orlando MoneyShow: Politics & Your Money

SGH Wealth Management’s “Read What I’m Reading” Nov. 2024 | Nov. 5th, 2024

Last month I was asked to speak at The MoneyShow along with the likes of Stephen Moore, Ed Yardeni, Charles Payne & Peter Schiff. The Topic was one that investors of every skill level could benefit from: How to be a better decision maker in stressful market moments.

Proving timely as Politics can cause the largest blind spots that cloud our decision making. While there’s no foolproof formula for success, understanding key principles and avoiding common pitfalls can improve your investment outcomes.

Key Takeaways:

• TAKE YOUR WORK SERIOUSLY, BUT NEVER YOURSELF. Humility is essential for growth and learning. Avoid arrogance and recognize that everyone has limits.
• FOCUS ON INDEPENDENCE, NOT SHORT-TERM RETURNS. Long-term success calls for patient and disciplined method. Avoid envy, resentment, & FOMO as best you can.
• A DEEP UNDERSTANDING OF VARIOUS DISCIPLINES like history, psychology, economics, and other fields to gain a broader perspective for making sound judgments.
• BE PATIENT, OVER-PREPARED AND DECISIVE. Do NOT rely on forecasting. Know when to wait for opportunities and when to act decisively.
• By following these principles and avoiding common pitfalls, you can improve your decision-making skill and raise your chances of achieving your investment purpose. Remember, investing is a journey, not a destination. Stay disciplined, be patient, and build a solid investment baseline to grow from.

Check out more info on Sam G Huszczo, CFA, CFP’s talk in the top link below: