The thinking goes, “Once we have built up our savings to a certain point, we will no longer have to think about money.” In reality, the nature of your thoughts simply morph.

It is deceptively difficult to outperform an investment that just tracks the performance of the overall stock market, owning the entire market rather than only a few companies that you think are poised for impressive growth.

What is this action that is so devastating to investors’ future wealth? Simply this: going all out of the stock market.

That being said, news isn’t all bad. It can be incredibly useful. As investors, we need to find the balance between getting informed by the news and becoming influenced by it.