Suze Orman Says Ignoring This Will Ruin Your Investment Future – Here’s What You Must Do Now To Secure Financial Success

Suze Orman, the acclaimed financial guru known for her straight-talking advice, warns about what she sees as the biggest danger to your investment future. In a recent episode of her hit podcast, Women & Money, entitled “Suze School: Avoid the Biggest Danger to Your Future Investments,” Orman broke down the critical mistakes many investors make and how to dodge them.

Don’t Miss:

Orman, a No. 1 New York Times Bestselling author and a go-to name in personal finance, kicked off with a story that rings true for many investors. She talked about a friend who regretted not buying stock in a company before it soared in value. “Your biggest danger to your future investment success is your past wishes,” Orman warned.

She pointed out how easy it can be to get lost in regret over a lost opportunity. “At some point in your investment career, you look at stocks like Nvidia, Apple, or Amazon – companies that just exploded in value – and you just think, ‘If only I had taken $10,000 and bought that stock when,’ it would be worth millions today.”

See Also: Don’t miss out on the next Nvidia – you can invest in the future of AI for only $10.

Still, Orman pointed out that this mindset can be one of the biggest pitfalls. “You spend all your time calculating how much money you could have made, and then you waste more time hunting for the next big thing.”

Orman also encouraged investors to look for current opportunities rather than missed ones. “There are always good stocks out there,” she said, encouraging listeners to invest in things that have more opportunity for expansion and growth rather than running after yesterday’s giants. “Don’t let your past regrets cloud your judgment. Look at what’s available now and invest wisely.“

Trending: Elon Musk and Jeff Bezos are bullish on one city that could dethrone New York and become the new financial capital of the US. Investing in its booming real estate market has never been more accessible.

Orman also warned against anxious investing – a common issue she’s seen throughout her nearly 40-year career. “People get so caught up in watching the markets and the news,” she said. “When stocks go up, they fear missing out. When they go down, they panic.” Orman stressed that emotional reactions can lead to bad decisions. “You see stocks going down, and suddenly you’re depressed and worried. That’s when mistakes happen.”

Her advice? Stay calm and stick to your strategy. “If you’ve invested in good-quality stocks or ETFs, sometimes it’s best to stop watching the markets altogether. Over the long run, they’ll likely be just fine,” Orman reassured.

See Also: This billion-dollar fund has invested in the next big real estate boom, here’s how you can join for $10.

The financial guru’s main take-away is to invest using a dollar-cost averaging method – a strategy she has long recommended. “You have to view a market decline as your friend,” she said. “When there’s chaos in the markets, you should start dollar-cost averaging. It’s a way to take advantage of lower prices without trying to time the market.”

Orman reminded her audience not to rush into investments out of fear of missing out. “Nothing goes straight up,” she said. “If a stock does rise rapidly and looks strong, don’t be afraid to buy more. But always be patient.”

Finally, Orman underscored the importance of staying committed to your investments, even when the markets get rough. “The key to financial success is not panicking during tough times,” she concluded. “Stocks will go up and down – that’s how the market works. But if you remain brave, stick to your plan, and avoid selling too early, you’ll set yourself up for long-term success.”

Read Next:

“ACTIVE INVESTORS’ SECRET WEAPON” Supercharge Your Stock Market Game with the #1 “news & everything else” trading tool: Benzinga Pro – Click here to start Your 14-Day Trial Now!

Get the latest stock analysis from Benzinga?

This article Suze Orman Says Ignoring This Will Ruin Your Investment Future – Here’s What You Must Do Now To Secure Financial Success originally appeared on Benzinga.com

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.