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Christopher R. Hibbard, ChFC®, CRPC®, CFS®
Vice President, Wealth Management
Teachers Investment Services
Located at Teachers Federal Credit Union
5439 Sunrise Highway
Holbrook, NY 11741
Phone: 631-698-7000 Ext. 6020
Email: christopher.hibbard@lpl.com
CRPC conferred by College for Financial Planning.
November/December 2024
Investing Missteps to Avoid
A disciplined investing strategy, whether for a child's college costs or your retirement, can help you potentially grow your savings over time. However, success depends partly on avoiding obstacles that can trip you up, and understanding uncertainty is always a part of investing. When investing for the long haul, beware of these obstacles.
1. Starting Late
Time means everything when it comes to investing success, so use it to your advantage.2. Underestimating Time
Time may not fly by, but ask any older person how quickly it seems to go. Don't put off to tomorrow what you can start today.3. Overreacting
The coronavirus outbreak sent stock and bond markets into dizzying spins as investors fled the stock market for relatively safer investments. Those with long-term horizons who stay the course may withstand the onslaught if this mimics recoveries from previous market-shaking events.4. Under-reacting
"Buy and hold" should not apply to every investing decision. If your investments have poor long-term prospects or no longer fit your strategy, consider selling them.5. Investing too Aggressively
If you're in or near retirement, you may not have the time to recover from down markets. Invest appropriately.6. Investing too Conservatively
With enough time, you may overcome market downturns, so invest for growth when you have time.7. Paying too Much
High investment fees and charges detract from net earnings, so make sure your returns are worth the cost.8. Staying Too Loyal
Loyal employees may like owning their employers' stocks, but too much of a good thing is bad. Diversify your portfolio.*9. Duplicating Efforts
Know how target-date and balanced mutual funds affect your asset allocation mix.10. Following the Herd
Jumping late on a hot investment bandwagon can become a costly mistake.11. Timing the Market
Even the professionals can't do it, so don't try.12. Avoiding Help
Talk to a financial professional for help with your investing strategy.*Diversification cannot eliminate the risk of investment losses. Past performance won't guarantee future results, and investing in stocks or mutual funds can result in a loss of principal.
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Christopher Hibbard is a financial advisor with, and securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Teachers Federal Credit Union (TFCU) and Teachers Investment Services are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using Teachers Investment Services, and may also be employees of TFCU. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of, TFCU or Teachers Investment Services. Securities and insurance offered through LPL or its affiliates are:
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