Date: February 9, 2012

Top 9 Tips for the Successful Investor in 2012: Tip #4

4 – Don’t get complacent!

After a horrific climate in late 2007, 2008 and early 2009 where most asset classes were decimated, the last 9 months of 2009 saw tremendous “bounce back” where most people began to feel better as their portfolios and the economy stabilized.

Don’t get complacent and lazy, thinking the markets going to party like it’s the 1990s all over again. That time will come later this decade. The modern investor has a short memory and has been burned over and over again by drinking the Kool-Aid that Wall Street sells. The global economies and markets are in a longer-term hangover period with digestion and retrenchment, trying to recover from the massive debt and leverage party. It took decades for the “celebration” to envelope the world and it’s not going to get fixed in just one painful year.

It’s going to take years and years to correct all that ails us and we haven’t seen the last trap door or sink hole. From this period, the potential exists for another multi decade run of economic and financial market peace and prosperity. Stay active and focused!


Paul Schatz, President, Heritage Capital