January 2, 2013

Emotions can ruin your investing decision-making. What can you do to mitigate the damage?

2 thoughts on “January 2, 2013”

  1. Kat Graham says:

    Accept the fact that you are human, use your head instead of your heart, and leave your emotions out of your investing decision-making.

  2. Mike Finley says:

    You got plenty right with that answer, Katherine. Let’s add to it. Learn to become a passive investor. This means setting up automatic investments that come out of your bank account right when you get paid and then send them to passively managed index funds month after month, year after year.

    You don’t try to time the market because you don’t allow your fear and greed to control your actions. You educate yourself on the history of the markets and identify what has worked and what has not. Timing the market has not worked. Dollar cost averaging your money into index funds over long periods of time has. Be the wise and efficient investor by detaching your emotions from your decision making. Your financial future will thank you!

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