Financial analyst, Manny Weintraub, explains investing in plain English and helps his clients bring mindfulness into the investing process.
He encourages people to think about money the way you’d think about food. You may not understand the science behind it, but you can learn how to make good choices. You also need to find a partner you trust to offer advice that is in your best interests. You wouldn't take diet tips from the processed foods industry, right?
He shares tips on how to create a portfolio that is consistent with your values and eliminate stress from investing with his seven rules of mindful investing, which include:
- Any mindfulness practice is better than no mindfulness practice.
- If you don’t know what you’re trying to accomplish, you won’t achieve it.
- Your time horizon and the time horizon of your financial advisor can be different, so it’s important to look after your own interests.
- You don’t need to be first to invest in a new trend.
- There were no “good ole days.”
- The only constant is change.
- Avoid the fear industry.
