Episode 72 FWS - 5 Common Mistakes: #5 Trying to Time the Market

Episode 72,  Jun 03, 01:57 PM

On this episode of the Firepreneurs Podcast, we are continuing on with our Financial Wellness Series with guest experts Greg Freeman and Chris Bauchle from Trust Wealth.  In this series, we are unpacking the 5 Common Mistakes that firefighters make when planning for retirement. 

Mistake: #5  Trying to Time the Market

In 2014, a Fidelity study found that the investors with the greatest returns from the volatile 2003-2013 stock market were either dead or had forgotten they had an account. Whether we recognize it or not, we are all subject to several behavioral biases including overconfidence, recency, and anchoring. Sometimes, the best move is no move at all!

Enjoy the final episode of this series!