When you're getting started on your savings or choosing investments, it feels like making the "right" choice is the most important thing of all. In reality, being persistent with your habits will do far more than picking the smartest plan.
Picture: Senior Living
As personal finance blog Listen Money Matters explains, it's OK to screw up. You're going to make investments that don't perform as well as you hoped. You'll miss out on opportunities you wish you'd taken. That's OK. It happens to everyone. What's more important is that you don't quit saving. Having the persistence and grit to stick with your savings plan will help you more than optimising the plan at the start:
When the market tanks or you blow your budget, do you give up and sell your investments or do you double down an keep going? ...[R]esearch suggests there's almost no correlation between success and intelligence. Are you the smart one or the gritty one?
That doesn't mean that you can't do your best to have the best plan possible. It also means you can't outsmart the market. Financial markets are too complex for even professional analysts to accurately predict, much less the average Joe. So, don't beat yourself up for not picking the best plan. Adapt, move on and keep moving forward.