7 Investment Mistakes to Avoid for a Smoother Retirement Journey

Retire Ready with Kyle Hammerschmidt

In this episode of the Retire Ready Podcast, Kyle and Kolin dive into the common investment pitfalls that can derail your retirement planning. From the risks of confusing short-term and long-term investments to the dangers of letting emotions and media hype dictate your decisions, they cover essential strategies to help you stay on track. Tune in for practical advice and insights to keep your retirement plan robust and resilient.

In this episode, you’ll learn:

• Understanding Short-Term vs. Long-Term Money: Why distinguishing between these types of investments is crucial for managing risk and returns.
• Avoiding Election-Driven Investment Decisions: How political events and media fear-mongering can impact your investment choices and why staying informed is key.
• The Perils of Blindly Picking Stocks: Why random stock selection and following unverified tips can undermine your long-term investment success.
• The Mistake of Relying on Hope: How hoping for favorable market conditions isn’t a strategy and why a solid financial plan is essential.
• The Risks of Media Influence: Why relying on TV personalities or social media for stock advice can lead to poor investment outcomes.
• Emotions in Investing: The impact of emotional decisions on your investment strategy and how education can help mitigate these effects.
• Timing the Market vs. Staying Invested: Why trying to time the market can be detrimental and the benefits of long-term investment strategies.

Join us for actionable insights that will help you navigate the complexities of investment planning and move confidently towards a secure retirement.

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Disclosure: You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This podcast is intended for educational purposes only. Nothing in this podcast constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. MOKAN Wealth Management is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.