Primum non nocere. “First, do no harm.” That phrase is indelibly etched in the public mind as being at the core of medical ethics. Perhaps it should be a core concept of financial management as well. While most people are looking for big gains and magic bullets, the core principle of financial management might well be not to make things worse.
With that in mind, the website Boston.com recently polled a number of members of the Financial Planning Association, including me. They created the following gallery highlighting the mistakes that professional advisors see investors make most often. Browse the gallery and make sure you’re your investing efforts aren’t being undercut by these mistakes! http://www.boston.com/business/2013/02/21/the-most-common-financial-planning-mistakes/8VuLk9Z2J0RMuE53tkBjfN/story.html