It’s great to have investing goals–they help guide your savings and provide motivation to continue investing throughout the year. Considering how complex investing is today, you are probably asking yourself where to begin when setting investing goals. Plus, it’s easy to make mistakes that could dramatically alter your results.Avoiding these costly investing mistakes can help prevent you from feeling disappointed when reviewing your statements at the end of the year.

It’s natural to assume that superior investment performance results from superior manager skill, and below average investment performance reflects subpar manager skill. Using only investment performance to measure a money manager’s ability has some advantages: it’s easy, it’s widely accepted, and it feels good.

I have always loved piggy banks. As a child, I loved filling my piggy bank with the extra change I found hidden underneath couch cushions and other nooks and crannies.