Human beings have two distinct methods of thinking: the rational and the emotional. When it comes to finances, you’re more likely better served by listening to the rational side; but the reality is that most people seem to make decisions based on the emotional side.
This can be a real detriment to retirement savings. Jumping out of the markets after they’ve already dropped is a common reaction to fear, but quite frankly, it’s probably the wrong move to make. So how do you dodge the emotional reactions and listen instead to the rational part of your psyche?
As any CAPitalizer will tell you it’s a process — a strategy — that you need. In today’s podcast, you’ll learn why this is the case, as well as exactly what kind of process I believe may work the best to avoid letting your emotions take over. Tune in now, and CAPitalize your retirement!
The information provided should not be considered specific tax, legal, or investment advice and is not specific to any individual’s personal circumstances.
Different types of investments and/or investment strategies involve varying levels of risk, and there can be no assurance that any specific investment or investment strategy will be profitable for a client’s or prospective client’s portfolio, thus, investments may result in a loss of principal. Accordingly, no client or prospective client should assume that the information presented serves as the receipt of, or a substitute for, personalized advice from CAPitalize Your Finances, LLC or from any other investment professional.
Christopher Panagiotu is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name CAPitalize Your Finances, a separate entity from LPL Financial. LPL 1-05268766 (4/22)