Money is part of our everyday life.
Yet, as we spend, save and budget, we seldom link money to our own emotions.
Money is earned with effort and time, which explains why we attach emotional significance to it.
These feelings are magnified when it comes to investing.
Investing involves the allocation of your hard-earned money into stocks for the promise of future rewards.
The uncertainty of the investment’s outcome is accompanied by a burst of emotions as you see the value of your money rise and fall.
Hence, it is not surprising to learn that psychology plays a major role in determining how you invest.
If you are not careful, these emotions end up sabotaging you, leaving you with poor investment results.
Successful investing is about keeping a calm than it is about superior intellect.
We are all human, though,
Thus, it is impossible to eliminate the emotional aspect of investing.
By being aware of your psychological tendencies and...