62 Lawmakers Are Shifting Their Money into A Shocking New Trend

When Investing, Emotion Is Not Your Friend Unsubscribe From Our Partners   62 Lawmakers Are Shifting Their Money into A Shocking New Trend It's not artificial intelligence, electric vehicles, or cryptocurrencies. But it could have major implications for your financial situation before the end of the year. Take these three steps to prepare... When Investing, Emotion Is Not Your Friend By Scott Chan   Trading stocks has never been easier. Nowadays, discount brokers are offering no-commission trades for most stocks. They are also waiving minimum investment requirements. Thanks to trading apps, anyone with a smartphone can trade at any moment of the day. And with the market having made big gains in recent years (before 2022), even folks who previously weren't interested have started getting involved in the stock market. I have a good friend who fits that profile of the late comers. He already had stock exposure but it was a passive investment through a 401k. Last year, he decided to assert more control of his investment. If nothing else, it was the fear of missing out (FOMO) that motivated him to start trading on his own. Emotional Investing Can Be Costly Unfortunately for him, he happened to decide to invest right near the peak of the S&P 500. Feeling discouraged, he recently asked me for some thoughts. Without getting into too many details, it was evident that he was making a common rookie mistake. He was letting emotions cloud his decisions. When the market fell, he got scared and sold almost all his stocks. Then when the market started to rebound, he started to get the FOMO feeling again, and bought to try to make his money back. But then the market fell again, and he sold some of the stocks he just bought back. He ended up always chasing market action and got caught on the wrong side of the trade. During periods of high volatility, when the market makes big swings up and down, emotions can really hurt you, making you sell when you should buy and buy when you should sell. he best suggestion I could give him was to invest in companies that he understands and likes, and not let market action rattle him. It's okay to buy in an up market and sell in a down market, but the reason for the trade shouldn't be because everyone else is buying or selling. Taking a moment to analyze can help steer you away from a knee-jerk reaction that you regret later. What Buffett Didn't Say Warren Buffett famously said: "Be fearful when others are greedy and greedy when others are fearful." Read More... Odd 'election effect' ignites a massive profit wave in THIS sector. Every four years the Presidential election kicks off far more than a few fights around the dinner table… it also ignites a massive profit wave in one obscure corner of the market. And I've just uncovered 6 stocks I believe will reap the lion's share of the profits… putting up to 1,000% gains in the pockets of bold investors who make a move today. Details here. You are receiving this email at its028@gmail.com  as part of your subscription to Investing Daily. To ensure delivery directly to your inbox, please add postoffice@investingdaily.com to your address book today. Terms   |   Privacy   |  Unsubscribe   |   About Us    ©2024  Investing Daily 20 Pidgeon Hill Drive, Suite 202, Sterling, VA 20165 All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited.