Reported 2 months ago
In a recent discussion on Wealth!, Michael Liersch from Wells Fargo highlighted the risks of emotional investing during market downturns. He identified key behaviors like doom-scrolling and herd-following that can lead to poor financial decisions. To counteract these impulses, Liersch recommends working with a partner for accountability, regularly reviewing financial goals, and creating a detailed investment plan to guide decisions. These strategies can help investors remain calm and focused during turbulent times.
Source: YAHOO