Welcome to Charisse Says!
We will be featuring the periodic blog posts from the “Charisse Says” platform. Charisse Conanan Johnson ’02 provides financial/investment advice through a variety of platforms: blogs, website, videos. Here’s her description of her platform:
To live the life you want, you have to be financially confident and secure. Moving forward in life is all about being prepared to take risks.
The Charisse Says platform shows you that there is room for investing in your lives and how each of you can figure out a personal plan for approaching the market, as well as your financial futures. Charisse eases the transition from being a passive consumer to an active investor and shows the rewards investments reap.
Charisse Says is professional, in all senses of the word. Charisse is an expert in her field, she’s an organized and dedicated worker, and she’s the one with the answers you need to move forward in your life. She understands the distrust many people have of the stock market and of financial institutions and their fear of losing money when they already have large expenses like student loans.
The Charisse Says platform will take you to the next level when it comes to your money.
And her latest post:
So, it’s February 1st and we have already completed one month of 2016 – my goodness, why is time moving so quickly!
Now, I’m sure you’re wondering what I missed this week, right? The truth is that I missed buying an exchange traded fund (ETF) at a cheap price. Don’t roll your eyes at this first world problem because when it comes to your money, acting swiftly on investment decisions will help you build wealth over time.
And, you can empathize with missing sale, albeit an airline flight or a winter coat. In my case, I had been eyeing the price of an energy ETF (Ticker: XLE) all last week so that I could buy it on the cheap. I think energy stocks will be a solid bet over the long-term. Things got so busy at work and while the ETF got down to $54.35, I did not buy it. The very next day, the ETF’s price was up big and I felt like I missed the boat.
Feeling like you’ve missed the boat on your investment decisions is completely NATURAL and expected, whether you’re buying an ETF, planning a date with a financial advisor, or rebalancing your 401k retirement plan. Here’s my tip…
Set Up an Appointment With Yourself
One of the best ways to increase your chances of executing on one of your investment “to dos” is to set up a calendar alert for yourself for successive days. I did this in the days following my own mishap, and….I bought my ETF. I did not buy it exactly at the cheapest price over the last week because it is hard to time the market, but I did get it near its 52-week low.
The key thing is to not get caught in the self-pity glut, but instead prepare to execute the next time an opportunity presents itself. Even the best money managers miss the boat on any given day. And, one of the reasons why they’re “the best” is because they get over their mistakes very, very quickly.
All My Best,
P.S. – Do you know someone who’s missed the boat on an investment decision? Please send them this email.