Triangle Investors

Keep your focus long-term November 8, 2007

Posted by Andy Robinson in : Educational , trackback

The article Don’t Be Fooled by Randomness reminded me that I, like many other investors, tend to start thinking too short-term with their investments. This is particularly true during volatile and exciting times. When it comes right down to it, the fact that the market is down 4% since I glibly proclaimed myself “all in” is meaningless to my long-term financial well-being. The best way to gain and preserve wealth is to find valuable companies and invest in them for a long time (forever if the fundamentals stay as good as when you first bought them). I will stay the course with my 100% allocation towards equities. This allocation is not suitable for those anywhere near retirement age, but I would recommend taking some profits on government bonds and reallocating towards a heavier equity exposure at the moment.