Making Investment Decisions

Think of the money, be honest with yourself, and keep the account without doubt or hesitation. Manage your money. Just do it, period.

Emotional fulfillment, i.e. hasty and unplanned purchases. It is usually women’s weakness. Women are more prone to loss of money management. The massive discounts, great shoes … And you – spontaneous purchases, which spent a decent amount. After a couple of days, it is clear that the Wish list “cannot afford”.

Plan your purchase, do not fall for the classic tricks like stocks, discounts and sales. To be sure, always ask yourself, “But I need it?”

Shopping on the principle here now urgently needed. This is a purely male disease – the illusion of urgency. Men are willing to pay a lot of money when they urgently need something.

Plan ahead! Asked himself: “But do I need it?” Do not let emotions control your money instead of you! Of course, if you’ve been looking for, and found it at a bargain price – take it. And nothing else.

Now, go beyond the proposed, expand the view of the emotional impact of the purchases to the investment and financial well-being.

WARNING: emotions interfere when making investment decisions, emotions hinder be financially independent and successful.

Often people believe rumors, live by the principle OBS – one grandmother said. And as the grandmother to manage your money you know? Or more common situation: “Oh! And they have cool office! They can be trusted. ” More happens that people, after eating-emotional noodles, light up like matchsticks, and are willing to pay at once all their cash and non-cash, invest it in a mad promising project. In Russia, all these “diseases” can be considered chronic. As a result – people are losing money.

Once again briefly on the main emotional mistakes when investing money:

ABOUT! They are cool! It is necessary to take the money.

No! Stop! The degree of “coolness” only defines “financial thermometer” – international rating. And nothing else.

Oh, my neighbor, my best friend did so. And I want to also!

Wait, all information is easily checked via the Internet. We need to look at the specific figures and indicators, and not to believe in the word the emotional word. Look, call, check. And the only way.

Oh, they promise “golden mountains” get rich tomorrow!

Friends, look at the actual figures, not painted. Study the figures and proposals, evaluate and draw conclusions.

You see where I’m going? Yes, the entire yield, all the numbers in the personal finance and investments have their own history. For example, figures on the growth of the stock market over the past 100 years, the indices of developed countries, and the growth index of real estate prices in different countries, etc. Numbers are everywhere, and they only have a real and objective indicator. No need to reinvent the wheel! He had invented, patented and works great. If you do not know about money management, it does not save you from the consequences – from financial fiasco.