Avoid Making This Investing Mistake I Learned From Fidelity Investments | Ep. 90 | Business Podcast
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Hello, friends. Welcome to the show. I was watching CNBC the other morning making my eggs and spinach omelet, and they were talking about how to reallocate your portfolio this year. And it really struck me that. One of the lessons that I have learned indicated that you may not want to do that. So today I’m going to share with you a study that was done that I’ll let you know if you should or shouldn’t do that.
Welcome to build the business success secrets. The only podcast that provides straight talk for entrepreneurs. Whether you’re an entrepreneur, starting with an idea or growing your business, this show is for you. We’ll teach you how to build a strong mindset, powerful body and profitable business so you can achieve success. And here’s your host, Brandon. See White.
The other morning on CNBC, they were talking about how they were advising clients to reallocate their portfolios because last year tech was hot. This year, it’s okay at best, depending on the day, it’s only a few percentage points ahead, but value stocks, airlines, banks, stocks like that are going to really, they say, have a boom year. So they suggest that you reallocate your portfolio. But here’s the deal. The problem is that we, as humans do a terrible job at timing the market a terrible job now.
Wealth advisors and traders don’t want you to think that, but let me offer you this study. There was a study conducted by Fidelity on the performance of its flagship Magellan mutual fund. The fund was run by investment legend Peter Lynch. You may have heard of who delivered an astonishing 29% average annual return from 1977 to 1990. But here’s the interesting thing. Fidelity found that the average Magellan investor actually lost money. How in the world does that happen?
Well, Fidelity showed that when the fund was down, people would cash in, scared of the possibility of losing money or losing more. And when the fund was up again, they would come running back in like the prodigal investor. So there’s a hard scientific study that suggests that you probably shouldn’t sell. When the market is panicking, you should actually buy.
That’s Brandon’s advice, and you shouldn’t try to time the market to get back in. Thanks for being generous with your time and joining us for this episode of Build a business success secrets. Before we go, let me ask you a quick question. Are you the type of person who wants to get 100% out of your time, talent and ideas? If so, you’ll love our monthly Built A Business Success Secrets newsletter. It’s a monthly playbook about the inner game of building a successful business.
Recent issues have shown how to avoid losing money on Facebook and instagram paid ads with this science backed strategy. How to build a pitch deck to raise money in 13 simple slides. Three tips the monks used to improve concentration and get more done in less time. A five step process to survive and thrive when things get tough. How to optimize your sales team to grow your revenue in tons of other actionable, high percentage mind, body and business building tips and tricks.
As a fellow entrepreneur who is aiming for nothing short of success, you owe it to yourself to subscribe. Check out the special offer with bonuses for you at Be Success secrets dot com That’s B as in business success secrets dot com and until the next episode, remember, you are just one business plan away. I’m rooting for your success