Create a plan to invest

Perhaps the best way to speed up your investment decisions is to have a plan, and then stick to it. (It helps to write down your plan so you can refer to it later.) A plan can help you avoid second guessing yourself, stay focused and make the decisions that really matter.

For funds, your plan should include the criteria you’ll use to determine which funds to buy now, how long you’ll hold your funds and when you’ll sell. It should also include whether you’ll own sector funds or diversified funds, and if you’ll pay a transaction fee to buy a fund or stick with no-transaction fee (NTF) funds.

By making these decisions in advance, you’ll streamline your investment decisions. This is what my team and I do for the client accounts we manage, and it saves from having to make the same decisions again and again.

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