The benefit of having a well-designed Plan A is that it takes much of the guesswork out of making investment decisions.
Without a clearly defined game plan, investors are constantly reacting to the often violent swings in the market, and in the value of their invested savings.
This gut-level, reactionary decision making leads to errors in judgement, inconsistent performance, and frustration. Emotions cause mistakes, and a well-designed Plan A will help keep you focused on what needs to be done and what should be avoided.