✔️Confidence in your analysis
✔️Don’t check stock quotes daily
✔️Diversify
✔️Be completely objective in your selection AND selling process
✔️Invest in ETF’s and index funds
✔️Focusing on the long term
✔️Building a portfolio from a position of strength
✔️Don’t check stock quotes daily
✔️Diversify
✔️Be completely objective in your selection AND selling process
✔️Invest in ETF’s and index funds
✔️Focusing on the long term
✔️Building a portfolio from a position of strength
Few good quotes from the article.
"If you are playing the markets to get rich as opposed to building wealth, you are almost certainly bound to lose."
"If you are playing the markets to get rich as opposed to building wealth, you are almost certainly bound to lose."
"An investor secures a behavioral advantage when he/she combats negative influences, avoids emotional investing, & remains objective and stoic in the face of uncertainty.
Rational investors don’t let shortterm price movements produce adverse emotions (& resulting bad decisions).
Rational investors don’t let shortterm price movements produce adverse emotions (& resulting bad decisions).
“The desire for more, the fear of missing out, the tendency to compare against others, the influence of the crowd and the dream of the sure thing — these factors are near universal....
....They have a profound collective impact on most investors and markets. This is especially true at market extremes. The result is mistakes — frequent, widespread, recurring, expensive mistakes.”
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