Lifetime Returns of a Family

How much important is the selection of schemes and Market timing ?

As per the Nick Murray
Lifetime Returns of the family comes from –

1) 49.1% – Having a real financial plan of where you are now and where you want to go?

2) 24.9% – Asset Allocation
Investing in managed portfolio as per family needs.

3) 24.1% – Our attitude and behavior in Investments during our life.

4)Only 2% – Depends on scheme selections and market timing.

One should spend time and energy in Goals and plans rather than selection and timing.

That would make you Richer and Happier.