Avoid emotional investing from "summary" of The Psychology of Money - Gujarati Edition by મોર્ગન હાઉઝેલ
Investing with emotion can lead to poor decision-making and ultimately hurt your financial success. When you let your emotions drive your investment choices, you are more likely to make impulsive decisions based on fear or greed rather than a rational analysis of the situation. This can result in buying high when everyone else is bullish and selling low when fear takes over the market. Emotional investing can also lead to a lack of discipline in sticking to your investment strategy. When you let your emotions dictate your actions, you may be more prone to chasing after hot stocks or trying to time the market, which can be detrimental to your long-term returns. It's important to remember that investing is a long-term game, and trying to time the market based on emotions is a risky strategy that often backfires. One way to avoid emotional investing is to have a w...
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