The way many investors manage their money seems to perfectly describe Albert Einstein’s definition of insanity: Doing the same thing over and over again and expecting different results. Here’s what isn’t working:

• trying to predict when to enter and exit the markets
• trying to pick outperforming stocks
• trying to find the next “hot” fund manager
• relying on “top mutual fund” recommendations
• using a broker or advisor who claims to have the ability to “beat the markets”
• overweighting your portfolio in certain asset classes, like gold
• relying on the financial media for tips on stocks, interest rates and market direction

Read the rest of the article at US News.

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