Oh… so true.
Via Last Born Child
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Irrefutable truth. The downward slide of emotion is the worst and the longest feeling an investor could ever have. Good thing there’s always hope.
Sweet… sweet hope. Just hang on and wait for it to hopefully swing back 🙂
Love that image. It reminds me to fight the panic that starts when my shares drop.
That image in four words.
Buy low, sell high
Wow. Great image!
The documentary “Inside Job” comments that when people make financial risks to get money, it’s the same kind of feeling as using cocaine… thus the euphoria.
If you liked Inside Job, I definitely recommend reading either Liar’s Poker or The Big Short by Michael Lewis. Great (and entertaining) read on the fluctuations and risks taken in the stock market.
I feel like since I only put money into an RPP I don’t have to worry about market ups and downs yet. Maybe when I’m older and I have more money to play around with I’ll get more emotional about it. It’s all about the long-term though!