Avoiding some big retirement mistakes<\/h2>\n
In a few posts on my site over the years, I\u2019ve shared some big retirement mistakes to avoid. This becomes even more important now that we\u2019re entering a new chapter in our lives: semi-retirement \/ work on own terms.<\/p>\n
Are we ready? Can we avoid some big investing and related retirement mistakes that experts share?<\/strong><\/em><\/p>\n In that spirit as part of new pillar post I hope to update annually and anchor my progress around, here are some of the ways I hope to avoid some big retirement mistakes.<\/p>\n I certainly won\u2019t be perfect but I\u2019ll do my best based on this infographic and more below:<\/p>\n Attribution\/thanks to Visual Capitalist.<\/a> @VisualCap<\/em><\/p>\n I believe I\/we have reasonable long-term return and inflation assumptions. Our projections include at the time of this post:<\/p>\n I\u2019ll link to my latest Financial Independence Budget update at the end of this post to support any planning assumptions you might have.\u00a0<\/p>\n What are your key assumptions?<\/em><\/p>\n I think we should be good:<\/p>\n Our hybrid investing approach using a mix of stocks and ETFs is not going to change:<\/p>\n Fail!<\/p>\n I\u2019m looking forward to the short-term!<\/p>\n We are looking forward to our semi-retirement years and seeing what opportunities may appear in the coming years. I get what the infographic is saying though.\u00a0<\/em><\/p>\n I can\u2019t predict the future, can you?<\/p>\n I\u2019m at a point in my investing life whereby if I have the money, sure, I will invest more but I don\u2019t have to.\u00a0<\/p>\n Besides, when you index invest, the best price is today\u2019s price. The stock market is a forward looking tool.<\/p>\n \u201cSomeone is sitting in the shade today because someone planted a tree a long time ago.\u201d \u2013 Warren Buffett<\/p>\n<\/blockquote>\n Nothing really to worry about here. I\u2019m no longer 22-years-old and into penny stocks on this list!<\/p>\n Here are other ways to kill your retirement plan:<\/p>\n Kick a$$ ways to kill your retirement plan<\/a><\/p>\n<\/blockquote>\n![\"20-common-investing-mistakes](\"https:\/\/www.myownadvisor.ca\/wp-content\/uploads\/2023\/11\/20-common-investing-mistakes-Visual-Capitalist-November-2023-scaled.jpg\")
<\/p>\n1. Expecting too much<\/strong><\/h3>\n
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2. No investment goals \/ 3. Not diversifying<\/strong><\/h3>\n
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4. Focusing on the short-term<\/strong><\/h3>\n
5. Buying high and selling low<\/strong><\/h3>\n
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6. Trading too much<\/strong><\/h3>\n
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