Emotions and Investment Georgia

Tips for leaving your emotions out of it when it comes to investing. It can help you make more money with sound decisions.

Local Companies

Best Bank
678-993-5353
3770 Data Drive
Norcross, GA
John Wieland Homes & Neighborhood
770-703-1692
4125 Atlanta Road, SE
Smyrna, GA
ACEO Capital Group Llc
(770) 396-6833
1915 Spalding Dr
Atlanta, GA
Sprayberry Insurance Agency, Inc.
(678) 654-6984
5905 steeplechase blvd
cumming, GA
RBC Centura Bank
404-495-6949
4855 Briarcliff Road
Altanta, GA
Ameriprise Financial
678-627-0149
1907 Harts Mill Road
Atlanta, GA
BestBank
678-993-5353
2175 Parklake Drive
Atlanta, GA
Branch Banking & Trust Co. (BB&T)
404-442-5043
950 E. Paces Ferry Rd.
Atlanta, GA
Brookhaven Bank 10
404-633-BANK
2987 Clairmont Road, NE
Atlanta, GA
CDC Federal Credit Union
404-325-3270
2301 Parklake Drive, NE
Atlanta, GA

When it comes to many areas of your life you can rely on your emotions and instincts or gut feelings. But when it comes to investing in the stock market this is a big mistake. Not many people are able to use their instincts to make successful trades. So if the professional investors can’t do it then you shouldn’t fool yourself into thinking you can, especially if you a beginning investor. You need to invest with a proven strategy that has its foundation backed by fundamentals and solid research.

The same is true for your emotions. Most investors are driven by two main emotions, namely fear and greed. And, as has been proven time and again, using fear and greed to guide your investment decisions will usually lead you to lose money.

When you see a negative news story about a stock in your portfolio and you fear for your money, you may rush to call your broker and scream “SELL, SELL, SELL!” Without a second thought. This is a serious error. You are not making a rational decision by doing this. Emotions have no place in trading.

I am certainly guilty of this myself. I was watching CNBC one day about one of my stocks and the news was not good. My stock was down 25% in one day! I sold. Then I sat down and took a step back to see how bad the news really was. The stock was punished too severely. The news was nowhere as bad as I thought it was. Life went on and the “grey clouds” passed over the company.

The worst part was that I never bought back into the company and missed as it zoomed from $8 to $28! Only a 350% gain I missed out on because I let fear and greed make my investment decision.

The point is whenever fear or greed is involved, you will lose.

Another big emotion that can prevent you from making good investment decisions is love; falling in love with the company you have an investment in. When the stock is falling due to the fundamentals and the business is no longer viable and it comes time to dump it, you need to be able to do it without blinking. If you can’t separate your love from the company then it will cost you big. Try to never get attached to any of your investments. You became an investor for one reason and one reason only...to make money.

You are not investing because you love the stock or because you enjoy the rush. You are doing it only to make money. Period. Never get emotionally attached to anything you invest in. Because if you do and can’t separate yourself from the stock then you’ll never make any money because the only way you’ll make any real money is when you actually “sell” the stock.

About the Author:

You can get wealthy investing in the stock market as long as you can keep your head on straight and leave your emotions at the door. Franco Smeaux is the owner of Lux Investing, a premier resource for investing information. For more information, go to http://www.luxinvesting.com

Article Source: thePhantomWriters Article Submission Service

Featured Local Company

Best Bank

678-993-5353
3770 Data Drive
Norcross, GA
http://www.bestbank.com/

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