Are You Living This Retirement Horror Story? Ep #227
Manage episode 447441173 series 3557639
Investing can feel like a battle between two polar opposites within us, the rational and the emotional, just like the classic story of Dr. Jekyll and Mr. Hyde.
This week, Dr. Jekyll and Mr. Hyde are our model investors, and we’re talking you through the spooky story of the risks, emotions, and rational strategies involved in long-term investing.
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Outline of This Episode
- [03:06] Dr. Jekyll and Mr Hyde's wildly different investment strategies
- [06:00]Strategies that help mitigate emotional reactions during elections and global crises
- [07:38] Balancing short-term market volatility with a long-term investment perspective
- [10:37] How to stay aligned with long-term goals in the face of market downturns
- [13:28] Diversification to manage risk in an investment portfolio
- [14:17] Psychological factors that cause investors to feel more confident during market upswings
- [15:35] Automating your investment and savings strategy to prevent emotional decision-making
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