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52: Your Opinion Doesn't Matter
As a consumer, you’ve probably been solicited at least a time or two for your opinion on a product or service that you’ve purchased. Businesses like to hear the opinion of actual customers because those opinions can inform the decisions the business will make and how they can appeal to a larger audience.
When it comes to investing, it’s pretty common knowledge that you don’t want to invest based on emotions. If you were asked whether men or women investors tend to be guided more by emotion, you would probably say that women are the emotional investors and men are more data-driven. And, you’d be wrong. There is lots of evidence in the marketplace that men are much more emotionally invested in their investments than women are.
Today, we’re talking about your opinion of the markets and how that plays a role (or shouldn’t) in your investment strategy.
Show Highlights:
- Your opinion of the market predictions should never guide your investing strategy.
- The market is non-emotional and non-personal, don’t try to make it otherwise.
- You don’t get emotional about buying fruit, so don’t get emotional about buying stocks.
- Don’t wrap emotion in logic in order to make investment decisions.
- Your opinion will never affect market movement.
- You can avoid many common investment mistakes by not letting your opinion guide you.
Resources:
Got investing questions you’d like me to answer on the show?
Got investing questions you’d like me to answer on the show? We Can Help Better Money Decisions
For Your Free Report, “5 Serious Mistakes You Can Avoid in Retirement”: Email
We Can Help Better Money Decisions.com
Our proprietary Financial Wellness For Life program
Register for upcoming webinars
Contact Better Money Decisions:
(844) 507-0961 Extension 700
We Can Help Better Money Decisions
Want our library of financial education topics? It’s all right here
Kate’s Forbes articles
Kate’s US News & World Report articles
Visit us on social media:
Facebook: Better Money Decisions
Twitter: Financial Better
Instagram: Better Financial Decisions
LinkedIn: Better Money Decisions
View all episodes
By Kate StalterAs a consumer, you’ve probably been solicited at least a time or two for your opinion on a product or service that you’ve purchased. Businesses like to hear the opinion of actual customers because those opinions can inform the decisions the business will make and how they can appeal to a larger audience.
When it comes to investing, it’s pretty common knowledge that you don’t want to invest based on emotions. If you were asked whether men or women investors tend to be guided more by emotion, you would probably say that women are the emotional investors and men are more data-driven. And, you’d be wrong. There is lots of evidence in the marketplace that men are much more emotionally invested in their investments than women are.
Today, we’re talking about your opinion of the markets and how that plays a role (or shouldn’t) in your investment strategy.
Show Highlights:
- Your opinion of the market predictions should never guide your investing strategy.
- The market is non-emotional and non-personal, don’t try to make it otherwise.
- You don’t get emotional about buying fruit, so don’t get emotional about buying stocks.
- Don’t wrap emotion in logic in order to make investment decisions.
- Your opinion will never affect market movement.
- You can avoid many common investment mistakes by not letting your opinion guide you.
Resources:
Got investing questions you’d like me to answer on the show?
Got investing questions you’d like me to answer on the show? We Can Help Better Money Decisions
For Your Free Report, “5 Serious Mistakes You Can Avoid in Retirement”: Email
We Can Help Better Money Decisions.com
Our proprietary Financial Wellness For Life program
Register for upcoming webinars
Contact Better Money Decisions:
(844) 507-0961 Extension 700
We Can Help Better Money Decisions
Want our library of financial education topics? It’s all right here
Kate’s Forbes articles
Kate’s US News & World Report articles
Visit us on social media:
Facebook: Better Money Decisions
Twitter: Financial Better
Instagram: Better Financial Decisions
LinkedIn: Better Money Decisions