Pacific Asset Management
At some point, all investors face what New York Times Columnist Carl Richards calls “The Big Mistake," otherwise known as buying high and selling low. It's only natural. When the market drops, our instinct is to sell now and stop the pain. When the market shoots up, we tell ourselves it's time to buy, buy, buy. However, our odds of avoiding The Big Mistake go up dramatically when we have a good advisor. In fact, according to Richards, preventing clients from making The Big Mistake is an advisor's primary job.
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