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Are You Living This Retirement Horror Story? Ep #227
Manage episode 447441173 series 3557639
Konten disediakan oleh Financial Symmetry, Chad Smith, and Mike Eklund. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Financial Symmetry, Chad Smith, and Mike Eklund atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
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
227 episode
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