Common Investment Mistakes According to Kelly Ruggles

There are many investment options and investors easily can become confused about which is right for their personal situation.

Common mistakes made by investors can include; trusting past performance of mutual fund and portfolio managers, allowing emotion to dictated investment choices and not being diversified enough.

In addition Kelly Ruggles, along with most advisors believes trying to time the market is futile as no one has been successful following this strategy over time. Experience show long-term investors actually out-perform those who buy and sell on a constant basis.

According to Kelly Ruggles, studies show there is no correlation a manager who has preformed well in one period of time will do the same in the future. Choosing a manager by how well they have done in the past can and often leads to a loss. Track record simply does not work.

Investors often feel demoralized when past investment decisions have causing financial loses. Kelly Ruggles believes these are the times an investor must take charge and get the education and information to make the best decisions for their particular situation. The longer a person spends in speculation the higher the chances for financial loss.

Lastly, investors often mistake lots of items on their statement as diversification when in fact they often own the same stocks over and over again in different mutual funds. It is widely accepted that true diversification is one of the best ways an investor can reduce risk in their portfolio.

If you would like to know about the services provided by Kelly Ruggles, please go to: www.kellyruggles.com.

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