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Continued: Keep greed and fear out of financial planning

  • Article by: DAVID PHELPS , Star Tribune
  • Last update: April 20, 2013 - 9:13 PM

 

Q: What is the investor’s mind-set in 2013?

A: Technically, the recession is over. But people still can’t believe the market can be as high as it is — that can’t be real. A lot of investors are still on the sidelines invested in bond funds and money market funds, very conservative, and they missed the rally.

 

Q: Can small investors learn lessons from the way Marquette manages money for large investors?

A: At it’s most basic level it is very simple, but sticking to it is very difficult. Our best advice is to turn off the TV [for financial programs]. What every investor can do is remain focused on the long term and invest in ways to meet those goals. Fear and greed will derail those plans — 2008 is a laboratory exercise in that. Stay focused, stay diversified, rebalance if necessary.

 

David Phelps • 612-673-7269

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