Wealth: Grow It and Protect It, Updated and Revised

6. Picking Your Investment Strategy

“To a very large extent, of course, we associate truth with convenience—with what most closely accords with self-interest and individual well-being or promises best to avoid awkward effort or unwelcome dislocation of life. We also find highly acceptable what contributes most to self-esteem.”

—John Kenneth Galbraith

Picking an investment strategy and sticking with it through market ups and downs is essential to your long-term financial health. Over the past 15 years, we have had more than our fair share of ups and downs in the equities, home prices, commodities, and many other investable assets. Choosing your strategy is the single most important financial decision you will make! Like any long-term decision, ...