Below, they share 14 widely believed “rules” about investing that are outdated or inaccurate, as well as what you should do instead. Ensuring your financial planner is giving you the proper options in diversifying your portfolio is essential for maximizing your savings and retirement portfolio. ‘Don’t hold your portfolio in cash.’Cash is a critical piece of your investment portfolio strategy. ‘Make financial plans based on huge ROI.’Many investors seem to believe that their financial future depends on huge investment returns. Instead, we build financial plans that anticipate average rates of return and even market corrections.

Source: Forbes May 04, 2020 17:15 UTC