What you have control over in your investing:
- Brokerage costs: don’t over trade or pay high commissions.
- Ownership costs: of products (such as mutual funds, etc.) keep them down.
- Expectations: be realistic, use historical information to your advantage.
- Risk: know how much capital exposure you have.
- Tax bills: maintaining year and longer hold times to reduce capital gains tax costs.
- Behavior: managing your emotions and keeping them under control.
What you don’t have control over in your investing:
- The market.