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Better Money Decisions

You’ve probably started with great intentions, telling yourself you’ll stash away more for retirement and buy fewer lattes (because some writer said buying lattes is a bad thing). But life happens. It’s not as neat and tidy as the financial experts on TV seem to think. You’ve got a lot going on in your life, and you need more than simplistic, cookie-cutter instructions to keep you on the right financial path. Kate Stalter escorts you to the right path for your money. She talks to experts and "normal" people who have taken the right steps to make better money decisions.
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Now displaying: Page 1
Apr 19, 2019

As a consumer, you’ve probably been solicited at least a time or two for your opinion on a product or service that you’ve purchased. Businesses like to hear the opinion of actual customers because those opinions can inform the decisions the business will make and how they can appeal to a larger audience.

When it comes to investing, it’s pretty common knowledge that you don’t want to invest based on emotions. If you were asked whether men or women investors tend to be guided more by emotion, you would probably say that women are the emotional investors and men are more data-driven. And, you’d be wrong. There is lots of evidence in the marketplace that men are much more emotionally invested in their investments than women are.

Today, we’re talking about your opinion of the markets and how that plays a role (or shouldn’t) in your investment strategy.

Show Highlights:

  • Your opinion of the market predictions should never guide your investing strategy.
  • The market is non-emotional and non-personal, don’t try to make it otherwise.
  • You don’t get emotional about buying fruit, so don’t get emotional about buying stocks.
  • Don’t wrap emotion in logic in order to make investment decisions.
  • Your opinion will never affect market movement.
  • You can avoid many common investment mistakes by not letting your opinion guide you.

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