Three Emotions to Avoid and Three Ways to Protect Against Them When Investing

Emotion is one of the biggest enemies of successful investing. Managing your emotion in difficult and choppy markets can be hard. A 2018 study published in the Journal of Financial Planning found that investors who use a behavior modified approach to investing that removed emotion saw returns up to 23% higher over 10 years.1 Removing emotion means not making decisions based on the emotions we feel when the stock markets are going up and down. How can you combat emotional investing? Resist herd psychology. We know that fundamentally we should buy low and sell high. This might mean you […]