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9| O akville B eaver | T hursday,June 14,2018 insidehalton.com Need directions to your financial destination? Marc Nutford . Member - Canadian Investor Protection Fund www.edwardjones.com/marc-nutford Marc Nutford Financial Advisor . 2387 Trafalgar Road Unit E2 Oakville, ON L6H 6K7 905-844-4043 Dreaming about retiring is your job. Let us do ours. http://www.facebook.com/ejadvisormarcnutford Custom made Kitchen and Bathroom Cabinetry | Closet Systems Entertainment Units | Basement Renovations | Full Renos and More! Create Your Dream Look ♦ 100% Canadian Made Cabinetry ♦Quality Craftsmanship ♦ 20+ Years Experience ♦ Visit our 6000 sqft Design Centre Units 2-3 333 Wyecroft Rd, Oakville T 905.844.3332 F 905.844.3334 www.aromakitchens.ca | info@aromakitchens.ca OAKVILLE'S NEWEST RETIREMENT COMMUNITY IS NOW OPEN THERE IS STILL TIME TO FIND YOUR SUITE! Call 289-644-2951 today to book an appointment. 2160 Baronwood Dr., Oakville 289-644-2951 A couple of weeks ago, I wrote about how investing in stocks is better done over the long-term and pointed to ex- amples from the S&P 500 In- dex. I also touched on the im- portance of understanding your temperament. Today'syour temperament. Today'sy article will expand on that. Making reliable stock market predictions eludes most everyone who has tried it. Evidence strongly suggests not to rely on short-term pre- dictions. It is better to invest in a well-diversified portfolio of stocks over the long-term. Scientific research out of Princeton University has shown that we have a prefer- ence for short-term rewards that comes from the emotion- al part of our brains. And it wins out over the abstract- reasoning part. For our brain, instant gratification trumps the logic of long-term goals. In other words, we aren't hard-wired to be good long- term investors. To get around that, we need to be aware of, and manage, the impulses that could lead us to make bad investment decisions. The more we understand about our temperament, the easier it will be to tune out the ongo- ing, day-to-day market noise and focus on the long-term. As humans, we can't turn off our emotions, and invest- ing in the stock market can be an emotional roller-coaster. Success comes with a well thought out strategy and the ability not to overreact when facing the market's naturalfacing the market's naturalf volatility. Long-term inves-volatility. Long-term inves-v tors don't panic and sell when the market fluctuates. However, just because you invest for the long-term does not mean you won't be disap- pointed from time to time. History teaches us that. Long-term investing in- creases the chance of success, but all investments have some element of risk. When investing, it is im-When investing, it is im-W portant to understand your temperament as well as all the factors that work to your advantage. One of the golden rules about investing is to be in it for the long-term.for the long-term.f - Peter Watson is an agent of, and securities productsof, and securities productso are provided by, Aligned Capital Partners Inc. (AC-Capital Partners Inc. (AC-C PI). ACPI is a member of thePI). ACPI is a member of theP Investment Industry Reg-Investment Industry Reg-I ulatory Organization of Canada (IIROC) and theCanada (IIROC) and theC Canadian Investor Protec-Canadian Investor Protec-C tion Fund (CIPF). The opin- ions expressed are those of the author and not necessar-the author and not necessar-t ily those of ACPI. Peter Watson provides wealthWatson provides wealthW management services through Peter Watson In-through Peter Watson In-t vestments. OPINION Don't be swayed by temporary setbacks Stay with it because diverse investing works, writes Peter Watson PETER WATSON Column