Parker County Today October 2015 | Page 77

opportunities as crises have come and gone. • The Terrible Tipster – He or she could be anyone – your neighbor, friend or relative. But whatever their origins, Terrible Tipsters have one thing in common: They like to tout “hot” stocks or “can’t miss” opportunities. The problem is that by the time you actually hear about a hot stock, it may already be cooling off. And the “can’t miss” opportunities often do indeed miss. Don’t waste time, effort – and money – seeking a shortcut to investment success: There isn’t one. Instead, stick with an investment strategy that’s suitable for your goals, risk tolerance and time horizon. • The Scary Statement – When the market is down, you probably dread seeing your investment statements. But don’t let a few bad months, or even a bad year, cause you to stuff your money under your mattress. The financial markets can turn around pretty quickly, and if you’re out of the market when the next rally begins, you’ll miss out on some potentially big gains. So, put those negative statements aside and look back at your investment results over a period of many years – the big picture might look a lot less frightening than you’d imagine. • The Fearsome Forecast – The performance of the financial markets is notoriously hard to predict – but that doesn’t stop a slew of fortunetellers from trying. And the same is true of the economy as a whole – predictions abound, but many of them prove far off base. You can always adjust your portfolio, as needed, in response to changing market or economic conditions, but don’t act on these possible circumstances just because someone, somewhere, has predicted them. Instead, follow tried-and-true principles such as diversification, which can help reduce the impact of volatility on your holdings. (However, diversification can’t guarantee a profit or protect against loss.) The ghouls and goblins you see on Halloween are unlikely to cause you nightmares. And the various phantoms of the investment world may prove just as illusory. Don’t let them scare you away from investing. This article was written by Edward Jones for use by your local Edward Jones Financial Advisor. Why Go Anywhere Else? Anyone can provide advice. At Edward Jones, our goal is to provide advice and guidance tailored to your needs. That’s why we live and work in your community. When it comes to your financial needs and goals, we believe you deserve face-to-face attention. You talk, we listen, and we get to know you. Individual Retirement Accounts Education Savings Strategies Portfolio and Retirement Plan Reviews Annuities Insurance Mutual Funds Business Retirement Plans Financial Advisor . 5189 E I-20 Suite 103 Willow Park, TX 76087 817-441-9439 www.edwardjones.com Member SIPC PA R K E R C O U N T Y T O D AY Mike Smith OCTOBER 2015 For more information or to schedule a complimentary financial review, call or stop by today. MKT-1954D-A 75