Think of your biggest investing success.
Maybe it was a mega-sized company whose stock you bought when it was just a startup.
There are many reasons why a particular trade might be your most successful, but when asked, investors identify one factor above all others.
In a recent client survey conducted by Charles Schwab, 33% of investors attributed their greatest investing success to patience through volatility.
As for the biggest culprits behind investors' worst trades: lack of research (20%), bad timing (18%) and high risk (13%).
Persons:
Charles Schwab, Mark Riepe, Spenser Liszt
Organizations:
Schwab Center, Financial Research, Motif, Fidelity