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Why Your Portfolio Can Beat the Competition | AWM Insights #134
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As a pro athlete or successful businessperson, you have heard this statement a thousand times, “control what you can control.”
Why?
It’s because every fiber of our being wants to react to the “noise” good or bad. We are easily caught up in the emotion of an event or views of the crowds.
This is where the pros are separated from the amateurs. The amateur reacts to what’s happening outside of themselves. Typically, rewarding themselves with feelings of comfort.
Yet, the pro resists. They know it’s all a distraction.
A pro is only concerned with what they can control. They choose to suffer through the feelings of doubt and discomfort. Investing is no different. Few will earn the returns they deserve.
What can you control?
A negative market provides one of the greatest tools to maximizes your long-term after-tax returns.
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