Fear is much louder than logic
Description
When markets fall, fear is louder than logic.
Checking your portfolio every day when markets are down does not help. It compounds the fear and forces poor decisions.
The best advice I give clients is also the cheekiest -stop looking at your portfolio.
Give the businesses you own time to do what they do. Improve, grow, build value. That is what you invested in.
Investing is not about reading balance sheets. It is about how you behave when things get uncomfortable.
General advice only. Please consider your personal circumstances or speak with us before acting.
Robert Goudie is an Authorised Representative (No. 235974) of Consortium Private Wealth Pty Ltd (AFS Licence 495401)
The information provided in this article is general in nature only and does not constitute personal financial advice.