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Make No Mistake: Perspective Matters | Lance Roberts #Shorts (3/24/23)

(3/24/23) "It's important to have perspective. It's also important to have good facts and good information. Look, I'm not always right, and I'm not claiming to be; I make mistakes just like everybody else, and when I make a mistake, I'll tell you: 'Hey, I made a mistake.' My wife never makes a mistake...but, I make mistakes, and she's happy to remind me of that for, like, 30-years ago. She reminds me of stuff I did wrong before I even knew her. So there's that. But the big mistake investors make is they lok at this calendar-year thing: 'Where was I January 1st, and where am I now...?' That has no relevance to what's going on now with your money. Again, look at your portfolio over a two or three year period; longer is better. Because that gives you the trend and direction of where your going with your financial wealth. Look, nothing goes straight up. You're going to have bumps and bruises along the way, and what you're trying to avoid is the catastrophic hospitalization of your portfolio. "

Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer
Watch the full show from which this video short is excerpted on our YouTube channel:
The latest installment of our new feature, Before the Bell | "Credit Suisse Gets a Bailout" is here:
Our previous show is here: "There Is Not Enough Money in the FDIC to Cover Everyone"
Articles mentioned in this podcast:
"Bank Runs. The First Sign The Fed “Broke Something.”"
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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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