7. Avoid Automatic Investing
Automatic investing, while easy, does come with its significant drawbacks. They might take your mind off investing, which is a double-edged sword. By not paying attention to your money you won’t give it a second thought, but the trick behind reaching your retirement age with enough money is being mindful about your finances along the way, meaning every step of the way, not taking the occasional glance at your funds.
How could you be mindful if you’re not paying attention?
You should use your computer as a way to track your investment plan, that much is certain, but allowing it to determine your plan is a mistake that could cost you. Don’t fall into this trap!
