and renewed fears of a looming recession, this year's record run-up on stocks has been put on pause.In times like these, investors are susceptible to getting swept up by their emotions.
Dan Ariely, chief behavioral economist at personal finance app Qapital and professor of behavioral economics at Duke University, said that there are ways to avoid getting caught up — and making investment moves you could regret later.Resist the urge to check your portfolio"What happens on the day that it goes up?" Ariely said. "You feel happy.But the best action to take in this market may sound counterintuitive: Don't look at your portfolio.
Ariely recalled how during the financial crisis, he found himself caught up in checking his accounts more frequently.One Friday morning, he noticed he was consumed with checking his investments. And that put him in a bad mood.To change that, he locked himself out of his accounts, and then enjoyed the weekend with his wife.
"If we're going to look at it going up and down, we're just going to be more miserable," Ariely said. "We're not only going to be more miserable, but act on it."Of course, there are times when you have to log in. The key is to be intentional when you do. "Decide what change you want to make, and only then open your portfolio," Ariely said. "It's never a good idea to open up your portfolio for fun and then decide what to do."The decisions you make about the stock market are always decisions about the future, Ariely said."It's water under the bridge," Ariely said. "It's gone. It's over."
danariely acorns
danariely acorns Think this dude bought on the advice of legend josh brown jpmorgan 120
danariely acorns We are just supposed to take this guy seriously and not get an explanation for the insane half face beard and stock chart eyebrows?
danariely acorns Just think if you dummies would have taken the investment advice of the Goldman Sachs CNBC pump & dump boiler operation, over the last 6 months you would have lost 50% or more of your $ in the WS computerized organized crime ring lol
danariely acorns Market crashed so hard he lost half his beard?
danariely acorns My sound is off. Is there a reason behind his facial hair style?
danariely acorns Bullshit
danariely acorns Investors are stuck in their loss, this suddenly dip is just for billionaires,and some fools are encouraging to buy stocks. Expect more downward
danariely acorns Major investors don't creat the emotional portfolios.They adjust their investments on reality. The trump's economy is temporary for his own flashing but not for the future, so, investors pack their moneys on media's economic sensation. The sensation cost top rich $440B in 1 week.
danariely acorns Buy low - sell high. Keep your BS to yourselves..
danariely acorns But wtf is happening with his beard
danariely acorns Insane looking person but extremely sane advice!! lol. Finally some good advice for investors. I’ve always found it amazing that consumers love buying stuff when it’s “On Sale” but don’t like buying stocks when they’re On Sale. I’ll be buying next week!
danariely acorns it is really hard to figure out who is talking, the bearded guy or the shaved one. I feel extra miserable now,
danariely acorns Like shaving?
danariely acorns THIS IS WHAT IT LOOKS LIKE WHEN YOU NEVER WORK IN THE REAL WORLD AND STAY IN A CLASS ROOM HIDING PROF CLOWN IMO !!! END THE FED AUDIT THE FED!!! THEY ARE AS FEDERAL AS FEDERAL EXPRESS. BREXIT ON THE WAY!! KICKING THE EU CENTRAL BANKS OUT! IMO
danariely acorns dude, what's wrong with your face
danariely acorns How about some real estate investing advice? How about some advice on how to buy precious metals? It's always about stocks....casino gambling everythingisoutofyourcontrol 'Today my net worth is down 3%, yesterday it was up 1.5%'... Professional investors want control.
danariely acorns How about some real estate investing advice? How about some advice on how to buy precious metals? It's always about stocks....casino gambling everythingisoutofyourcontrol. 'Today my net worth is up 3%, yesterday it was up 1.5%'... Professional investors want control.
danariely acorns Here’s some advice Shave the other side of your face
danariely acorns the hell is going on with this guy's facial hair, did he lose a bet?
danariely acorns what's wrong with your face?
danariely acorns The recession fears deepen..!!
danariely acorns It appears that he's saying trading is more rational than investing.
danariely acorns dude, what is wrong with your face?
danariely acorns Like Kramer when he had the concussion.
danariely acorns i buy the dip but it keeps on dipping.
danariely acorns Like why would anyone want to shave half their face, that's just as bad as the mullet haircut
danariely acorns Do you seriously think we'd take advice from someone who shaves only half his face? Really? Reminds me of the old David Ortiz line 'never take investment advice from a bat boy'.
danariely acorns Yall know what im going to ask right?
danariely acorns Is he OK.
danariely acorns Pro-tip: don’t worry about the stock market day to day
danariely acorns Sorry, I only listen to uncle WarrenBuffett
WallStJesus danariely acorns Methinks someone (here) 'lost-their-[acorns]'....or, at least, half of them. 🤪
danariely acorns he is a freak
danariely acorns Im not taking advice from a man with half a beard.
danariely acorns Never trust a Dookie...
acorns danariely So that beard ....
danariely acorns JNPeretti
danariely acorns Interesting beard, did it BTFD?