What your flippant beliefs cost you

Earlier this month, I asked a bunch of people on Twitter why they don’t automatically invest.

No judgment. If you don’t automate your investments, that’s fine — but I want you to consider this:

What are your beliefs costing you?

For example, the people who don’t automatically invest often believe they have very good reasons:

  • “I like to have control”
  • “I don’t have a lot of money right now”
  • “I like to invest when the market is down”

Unfortunately, their beliefs will probably cost them hundreds of thousands of dollars over their lifetime. They think they’re doing the right thing, but they don’t know that if you miss the best 5 days of investing (over a 20-year period), your return would shrink from ~7% to ~5%.

That’s probably one of the costliest decisions they’ll ever make.

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