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The Emotional Side of Investing
How Money Works
English - May 16, 2024 09:00 - 17 minutes - 15.6 MBInvesting Business News Business News cfp northcarolina retire winstonsalem finance financial financialplan greensboro maestrowealthadvisors money Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
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Next Episode: The Most Common 401k Mistakes
Have you ever felt a rush of excitement when your investments soared, or a pang of fear when they plummeted? You're not alone. Emotions can play a powerful role in our financial decisions, sometimes leading us astray from our long-term goals. In this episode, we’ll dissect the emotional undercurrents that can influence our investing behavior.
Here’s some of what we discuss in this episode:
Too many times, greed comes from a misunderstanding of returns. You need a portion of your investment portfolio to generate consistent income. Fear and panic drive people to act emotionally instead of logically. Several people come in and rely on hope to get them to retirement. How pride can get in the way of your financial success.
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