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The Boston Globe

Business

personal finance

The key is sticking to a financial plan

If you have been awake for the past five years, your investing experience has probably been anything but smooth. Scary markets like the one that bottomed out in March 2009 often cause us to do crazy things. This craziness might be temporary, but it doesn’t take long to make what I call the big mistake: ditching your well-designed investing plan to either buy high or sell low.

The market of 2008-2009 was the scariest one I have lived through. A lot of us were so scared we went looking for alternatives to our disciplined investing strategy — and in hindsight, that was a terrible mistake.

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