Keep emotions out of investing from "summary" of The Investment Answer by Gordon Murray,Daniel C. Goldie,Gordon S. Murray
When it comes to investing, emotions can be a significant obstacle to success. It's easy to get caught up in the excitement of a rising market or the fear of a falling one. However, allowing emotions to drive your investment decisions can lead to costly mistakes. Instead of making decisions based on logic and data, emotions can cause investors to act impulsively, buying high and selling low. One of the keys to successful investing is to keep emotions in check. This means staying disciplined and sticking to a well-thought-out investment plan, even when the market is fluctuating. By focusing on long-term goals and avoiding knee-jerk reactions to short-term market movements, investors can avoid makin...
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