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Straight talk from the money editor
When it comes to investing, financial experts will tell you that emotions should be left at the door. Fear, greed and other emotional signals can easily derail even the best-laid investing strategy. After my dad passed away, I sat with my mom and her financial advisor to re-evaluate her portfolio. My mom had become emotionally attached to some stocks that had treated my parents well over the course of many years. The stocks weren't doing well and it was time to sell, but she couldn't bring herself to part with them because they had an emotional tie to my dad. It took some doing over several months to finally convince my mom there were better investment opportunities elsewhere. It was obvious that emotional attachment was strong. My mom, like many other investors, tend to do the exact opposite of what normally should be done when it comes time to selling. For more interesting stuff, follow me on Twitter @jimpavia. |
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Investment psychology: Don't let emotions influence decisions
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Retirement just isn't a reality for some
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When you're just out of college, planning for retirement can be overwhelming, especially if you're not familiar with financial terminology. |
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 | Sharon Epperson | |  | Josh Brown | |
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