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Controlling Your Emotions When Investing
Hello and welcome back to the 360 Money Matters podcast! Whether you’re a first-time investor or have plenty of experience, it is very easy for emotions and fear to get the better of you and for rational decisions to be blinded by emotion.
In this episode, we’ll be turning a little more towards the psychology of investing, where we discuss the importance of continuing the course and blocking out all the unnecessary noise. We will discuss various strategies to combat making emotional investment decisions and help ensure that you are making rational decisions with your money.
So be sure to join in on the conversation as we talk about how you can overcome your investment fears!
“Be fearful when others are greedy, and greedy when others are fearful.” – Warren Buffett
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
- Impact of emotionally buying and selling
- Know Your Strategy and Stick To It
- Upsides to Dollar Cost Averaging
- Expecting that losses will occur
- Make long term investment decisions
- Block out the noise and make rational choices
- Set your expectations from the beginning
- Invest in an Advisor that can look at things more rationally
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