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Taking the Emotion out of Investing

It’s hard not to react when you watch the value of your investments fluctuate. Especially when those ups and downs get more dramatic. In recent months, you may have experienced two emotions: Fear or Greed. Maybe you’ve felt both. #1 Suppressing Greed You’ve probably heard the advice, “Buy when the market is down.” Before you start down that path, consider where you are getting the money to invest. I’ve had too many calls recently from eager investors who want to pull money from emergency funds and put it into the opportunity they see in the market. Your emergency funds should not be moved into something with greater risk. #2 Fighting Fear Fear comes naturally with market volatility, but it doesn’t serve you well as an investor. If you’ve been thinking about decreasing your 401k contributions or keeping non-retirement funds out of the market, you might reconsider. Ready to learn more about our Retirement Habits? Check out these stories to start building your own habits: Habit #1: Pay Attention https://themeakemgroup.com/habits-for-building-wealth-1/ Habit #2: Avoid Bad Debt https://themeakemgroup.com/habits-for-building-wealth-2/ Habit #3: Live Beneath Your Means   https://themeakemgroup.com/habits-for-building-wealth-3/ Habit #4: Save 16% https://themeakemgroup.com/habits-for-building-wealth-4/

The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of Traci Richmond and not necessarily those of Raymond James.
Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members.

Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members.

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