Investors: You Can't Ignore Your Emotions, But You Can Sidestep Them
How to create friction on the path to rash market action.
I didn't get much sleep last night; I imagine you didn't, either. Or, if you went to bed early, you might not be so well rested in the coming days. The emotions I'm feeling, and you probably are as well, can't be ignored or squashed. But they don't have to destroy our investments.
Regardless of politics, I couldn't help thinking about the volatility that was already looming when I switched off the computer at midnight last night. What would it mean for my family as we dream of retiring early and giving ourselves to charity work? What should I do with our investments, and, with our dreams?