Investing with emotions can be costly
The further the stock market goes up, the easier it is to believe it’s going to go up forever, which can lead to buying near the top of the market. On the other hand, the lower the market falls, the more fearful you may become of losing more money, which can lead to selling near the bottom of the market. Which is why our next guest says that sometimes your emotions pose the biggest risk to achieving your long-term financial goals.
Mike Switzer interviews Ashton Lawrence, a certified financial planner with Goldfinch Wealth Management in Greenville, SC.