When Should You Change Your Investment Strategy?

Switching up your approach to investing is not something that should be done frequently, but there are some circumstances which call for change

Ian Tam, CFA 15 April, 2021 | 10:17AM
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When we hear stories about people making money on GameStop, or Bitcoin, or on BUZZ, it is a constant and understandable challenge to not question our own investment strategy. What was once a quick read of the investment section of a newspaper has now somehow morphed into a hyperactive bombardment of news constantly being pushed to our screen.

But seasoned investors know that staying true to your investment discipline is often the best recipe for success in the long-term, and for the most part, investors should steer clear of constantly changing their investment approach. Here’s why:

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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About Author

Ian Tam, CFA  Iam Tam, CFA is Director of Investment Research at Morningstar Canada. 

 

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