Top Investment Mistakes to Avoid | SRES®

Top Investment Mistakes to Avoid

Top Investment Mistakes to Avoid

If inflation and a chilly stock market are making you nervous about the viability of your long-term financial plan, you're not alone. 

Even millionaires say they're feeling pinched, and some no longer feel confident that they're prepared for retirement, according to "The Million Dollar Question," a global survey by Natixis Investment Managers.

Some millionaires, 35% of survey respondents, said they'd need a miracle to secure retirement. 

In the report, investment advisors outline the top five mistakes investors make in their retirement plans. 

Here are three to avoid:  


1. Inflation – Don't underestimate the impact of inflation. Over time, it can erode the purchasing power of your retirement savings. 

2. Risk – Though retirees need to be careful about taking on too much investment risk, being too conservative also carries risk. With inflation looming, your investments must deliver returns that outpace cost-of-living increases. 

3. Lifespan  Though many anticipate living for about 20 years in retirement, some people will live longer. It's best to plan for more years than less.