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Control your emotions from "summary" of The Little Book of Common Sense Investing by John C. Bogle
As an investor, it is crucial to remain rational and level-headed when making decisions about your investments. Emotions can cloud your judgment and lead you to make impulsive choices that may not be in your best interest. When the market is fluctuating, it is easy to get caught up in the excitement or fear of the moment. However, it is important to remember that the market will always have its ups and downs, and trying to time these movements is a risky game. Instead of trying to predict the market, focus on your long-term investment goals and stick to your predetermined investment strategy. By staying true to your plan, you can avoid making emotional decisions based on short-term market fluctuations. One way to help control your emotions is to tune out the noise of the market. Media outlets often sensationalize market movements, which can lead to unnecessary panic or exuberance. By staying focused on your own investment strategy and ignoring the daily market chatter, you can maintain a more rational perspective. It is also important to remember that investing is a marathon, not a sprint. It is natural to experience fluctuations in the market, but it is crucial to stay disciplined and not let your emotions dictate your investment decisions. By controlling your emotions and sticking to your long-term investment plan, you can increase your chances of success in the market.
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