The Power of Doing Nada
- By DailyWorth Team
- July 14, 2011
![Businessman stressed screaming on phone]()
You may be surprised—or relieved—to know that women have innate wealth-building instincts, especially when it comes to investing.
Unlike the Tarzans on the trading floor, research shows that women are more likely to sit tight and take fewer risks.
In fact, women's ability to wait and watch helps them to reap higher returns.
Does that mean you should do nothing, literally, with your portfolio?
In this funny MarketWatch article, Kathy Kristof argues yes.
"To get rich and stay rich, you need to practice doing nothing in two places… at the shopping mall, and on Wall Street."
You already know that being too lazy to take out your wallet in a store (even when tempted by summer super sales) is wise.
But it also pays to sit on your hands when market turmoil or unsettling economic news (the debt ceiling debacle! Greece! Italy!) makes you want to Do Something.
Keep your contributions steady.
Stick to your investment plan—unless you have a good reason to make changes.*
Now sit back, do nothing and enjoy your summer.
*Needless to say, if you don’t have an IRA or 401k, starting one would be a smart way to take action.
Take a dip. Does bad financial news make you antsy?
Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value
|
The content in this website with the exception of that provided by Charles Schwab have been provided by third-parties and/or prepared by DailyWorth who is not affiliated with, associated with or endorsed by Charles Schwab & Co., Inc. (“Schwab”). Therefore, the information contained within the content of the website that has not been prepared by Schwab should not be considered as approved, endorsed or recommended by Schwab. Schwab does not guarantee that the Information is accurate, complete or timely, nor does Schwab make any warranties to you regarding any results from using the Information. This also includes any links that DailyWorth provides as a courtesy to users of their website to third-party websites. Third-party websites are owned and operated by independent information providers (“IIPs”).
Interviews with Schwab employees created by DailyWorth are for general informational purposes only and should not be considered an individualized recommendation or investment advice. Investing involves risks, including the potential loss of principal invested. Keep in mind that diversification strategies, do not ensure a profit and do not protect against losses in declining markets and may not be suitable for you.
The content provided by Schwab is for general informational purposes only and is not intended to be a substitute for specific individualized tax, legal or investment planning advice. Where specific advice is necessary or appropriate, Schwab suggests that you seek professional assistance.
Charles Schwab & Co., Inc. (“Schwab”). All rights reserved. Member SIPC. (0413-2767)
