Diversification is the best strategy to deal with emotions while investing. When you diversify the risk is spread across multiple assets. Few of your investments may underperform or you may take wrong or emotional decisions for some of your investments. In…
What are some of the emotions that influence investment decisions?
The main influence is things like, fear and greed. Fear of losing money and fear of failure. At the same time, greed – wanting more profits out of the investments. And sometimes it is speculating too much on investment performance. Sometimes…
Which habits could be a hindrance to one’s financial freedom or independence ?
The habits could be not having a proper financial plan. Financial planning is must for everyone and one should have a financial plan in place at the early age itself. The other thing is not doing the budgeting, the most common…