3 emotions that get in the way of your comfortable retirement

3 emotions that get in the way of your comfortable retirement

AsiaOne-·2020-08-14 14:01

Investing is one of the best routes to secure a comfortable retirement .

However, as with any journey, the road can often be bumpy.

Stock markets fluctuate regularly and can remain volatile for long periods.

Even great companies do not move up in a straight line, as they may periodically suffer from bouts of weak demand.

The Covid-19 pandemic has led to a sharp economic contraction and a punishing bear market .

Staying the course is important if you want your wealth to compound over time.

Being human, you will inevitably go through an entire gamut of emotions as you put your money to work.

It’s perfectly normal to feel emotional when it comes to your hard-earned money.

Warren Buffett once said: “The fact that people will be full of greed, fear or folly is predictable. The sequence is not predictable.”

However, you need to be on guard for three emotions that may trip you up as you embark on your wealth-building journey.

Fear and panic

Two of the most dangerous emotions in investing are fear and greed.

……

Read full article on AsiaOne-

Comments

Leave a comment in Nestia App