Fisher Investments’ founder, Executive Chairman and Co-Chief Investment Officer, Ken Fisher, shares common mistakes people make during—or when planning for—retirement. According to Ken, one mistake people tend to make is underestimating their investment time horizon. Ken shares how, thanks to medical advancements, people are living longer need to plan accordingly to avoid running out money. Another mistake he discusses is investors being too conservative with their investments—opting for less volatility and sacrificing growth needed to reach their long-term financial goals.
Ken also believes people often forgo basic financial planning—a necessity for investors to fully understand the returns needed to achieve their goals. Finally, Ken says people trust “their gut” too much, which can lead to concentration risk. He discusses how even the best investors can be wrong, and stresses how a well-diversified portfolio can help control risk in the long-term.
Investing in securities involves a risk of loss. Past performance is never a guarantee of future returns. Investing in foreign stock markets involves additional risks, such as the risk of currency fluctuations. The foregoing constitutes the general views of Fisher Investments and should not be regarded as personalized investment advice. Nothing herein is intended to be a recommendation. The opinions expressed are subject to change without notice.
