Don’t Let Your Emotions Ruin Your Investment Plan
By Miranda Marquit
When it comes to investing, too many of us think in terms of buying individual stocks. We tend to get nervous and worry about making the “right” move.
It’s also common for us to get caught up in the emotions of the moment. Excited that the market is gaining? We feel like buying. Is the market tanking? It’s tempting to jump on the bandwagon and sell.
However, making decisions based on the market can get us in trouble, according to Dan Egan, the Director of Behavioral Finance and Investing for Betterment.
Getting caught up in emotion and abandoning an investment plan because of market movements can be detrimental to your long-term financial health.