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Sometimes doing the right thing just feels wrong. Drinking the prescribed eight glasses of water a day may leave you feeling soggy. And we often opt for a candy bar when we should be reaching for a carrot stick. It’s easy to get sidetracked from your long-term goals by the lure of short-term satisfaction. But Fisher Investments believes there is no surer recipe for investing misfortune. Navigating the global investing seas takes a steady hand and a steadier head. Chapter 6 of Own the World: How Smart Investors Create Global Portfolios from Fisher Investments Press provides you with four steps in a top-down strategy that could help you stay the course. Don’t think of these as rules. Think of them as guidelines, but essential guidelines. And you’re not limited to just these four—you might find others to help you stay on track (e.g., don’t run with scissors while investing, wait at least an hour after investing before you go for a swim). Tack on as many extra steps as you want, but Fisher Investments feels these are your vital four:
1. Choose a benchmark.
2. Analyze the benchmark’s components and assign expected risk and return.
3. Blend dissimilar investments to moderate risk relative to return.
4. Always remember you could be wrong, so don’t stray from the first three steps.
Click here for more information or to purchase Own the World from Fisher Investments Press
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