We must limit (or at least manage) our financial emotions. Unfortunately, we can’t get rid of them. We must recognize one fact. We are most often our own worst financial enemy. Not the economy. Not our investments. Not even our intelligence.
There are many studies on the destruction of acting on our emotions. There are studies claiming that the average investor gets only half or less of the return of their own investments. This is unbelievable and sad. They do this by panicking during low points and getting too euphoric at high market points. Don’t do either.
Have a proven process and stay true to it.
