Are you an outcome oriented investor or a process driven investor? The two are obviously very different. Many investors focus on their investment return every day, every month or every quarter. We log into our investment account, sometimes daily, to determine if we see more green than red! If it’s red day after day, the sell order button is pushed and we look for some other pot of gold that is reporting in the green. Our timing couldn’t be more perfect…..maybe.But what if we focused on the process? A longer time horizon? What if we stuck to a methodical and disciplined approach and allowed sufficient time for the process to work? What would that outcome be over 3, 5, or 10 years? What would be your long term “draft choices”?Please enjoy this recent article from the Washington Post, for Barry Ritholz's thoughts.
Ellen began her financial services career while still a college student at the University of Maryland, College Park. Upon her 1983 graduation with a BA in Economics, Ellen moved to the South and joined a predecessor bank to Bank of America where she worked 27 years until leaving to join DHG Wealth Advisors in December 2010. Ellen is based in our Tysons, VA offices and works with clients across the Metro DC region. Ellen has enjoyed a very diverse career. Along with being in the bank’s Wealth Management division for the last 15 years, she has also benefited from experience in several unique niches, such as International Banking and Treasury Management. In 2002, Bank of America appointed her the City Executive for High Point, NC.