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Don’t Sweat the Small Stuff

[/fusion_text][fusion_text]It might surprise you to learn that I’m an anger management graduate. No joke. While I was never physically abusive, I could be a really critical jerk to those closest to me. And that’s no better. One exercise I went through was listing all the things that made me angry or irritated. It was four pages single spaced. There was a really important lesson for me to learn: don’t sweat the small stuff.

That same phrase applies in money and investments. Don’t let little problems get in the way of well-constructed plans. Let me give you an example. Sometimes it’s worth paying a hundred dollars in commissions to reposition your $1 million portfolio. Yes, $100 is a lot of money. It is also a small fraction (0.01%) of your account value. A few low-cost trades each year can set you up to improve your returns by much more than 0.01%.

Now, I’ll be the last person to suggest that you pay an unnecessary fee. You got your million dollar portfolio by paying attention to details. Just keep it in its proper context. Spending a little today can make you more money down the road.[/fusion_text][separator style_type=”single” top_margin=”” bottom_margin=”” sep_color=”” icon=”” width=”” class=”” id=””][fusion_text]

Legal Disclaimer: These posts do not constitute an offer or recommendation to buy or sell any securities or instruments or to participate in any particular investment or trading strategy. They are for informational purposes only. ASA gathers its data from sources it considers reliable. However, ASA makes no express or implied warranties regarding the accuracy of this information or any opinions expressed by the author and may update or change them without prior notification.