Faith in the future, patience and discipline have been highlighted as three of the key principles of long term investing.
In a keynote speech closing out the second day of the Institute of Financial Planning conference in Newport, Nick Murray detailed the six key practices and principles which would determine 95% of long term, real life investment outcomes. A veteran of the financial advice profession in America, Murray insisted investment outcomes were driven more by investor behavior than investment performance. The three principles: Faith in the future Forget about the latest crisis or market problems and have some basic, fundamentally faith-based idea of the future. If you believe, you will be ...
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