For better or worse, emotions can have a big impact on investment decisions. In this update, we share ten (10) things emotionallly intelligent investors don’t do.
1. They Don’t Sell Based on Fear
(Especially When the Market is Down)
2. They Don’t Buy Based on Greed
(Especially When the Market is Up)
3. They Don’t Overestimate their Expertise
(Kid Icarus melted his wings)
4. They Don’t Dwell on Past Performance
(Markets are Dynamic)
5. They Don’t Try to Get Rich Quick
(The Tortoise beats the Hare).
6. They Don’t Undervalue Their Time
(You can’t get it back)
7. They Don’t Overpay for Hype
(The emperor had no clothes)
8. They Don’t Drink Social Media Kool-Aid
(Influencers are Powerful)
9. They Don’t Ignore Uncle Sam
(So many Tax Benefits Exist)
10. They Don’t Lose Sight of Their Goals
(Everything Else is a Distraction)
The Bottom Line:
It’s important to keep your emotions in check. It can help you avoid mistakes and achieve better results. Disciplined, goal-focused, long-term investing continues to be a winning strategy.
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