Two Ways to Fight FOMO
FOMO is something we’ve talked about in investing for awhile now, especially after more than a decade of bull markets in stocks. FOMO, or the Fear Of Missing Out, is what is motivating investors to continue to buy stocks on the way up- this idea that stock prices could go to the moon and they don’t want to miss out …
Dealing with Bear Markets
In case you’ve missed it, we have recently found ourselves in a bear market environment.
The first quote I want to share with you about this market environment is,
“Bull markets are great, but they breed complacency. Bear markets can be energizing. Instead of fretting over the decline in your net worth think opportunistically about all of those bargains and the potential gains when inevitably a bull market returns.” – James B. Stewart
The Market is Always Right
I wanted to share with you a quote from Jesse Livermore, which says “there is only one side of the market and it is not the bull side or the bear side, but the right side”.
Never Confuse the Bottom of the Page With Support
I recently commented that bond prices had completed a bullish continuation pattern, suggesting further upside for prices, and therefore, a further downside for interest rates. I received some pushback suggesting that interest rates were at all-lows. How could I possibly see further upside for bond prices?
When to Check Your Portfolio
When you check your portfolio to discover that your holdings are going down, or already in the red, how does that make you feel, physically? Likely, it is a slightly painful feeling and you get sweaty palms, feel lightheaded, get a weird feeling in the pit of your stomach, or maybe you feel pessimistic (or optimistic)?
Asking Questions
I read a quote recently that says, “When you know a thing to hold that you know it and when you do not know a thing to allow that you do not know it, this is knowledge.” Confucius.
Check Your Portfolio Last
Last week I did a webcast called “Better Routines Make Better Decisions“ about investor routines and how you approach the trading day. Most of us begin each day by grabbing a cup-of-Joe and sit down to begin our daily investment routines. In this webcast, I detail my morning ‘coffee routine’ and break down my exact process, which you can find here.
Books to Dig Into Through Year End 2019
My wife tells me that I have way too many books at home. She is absolutely right. But for me, there is nothing quite like the feeling of digging into a good book, the sense of accomplishment for reaching the final page, the inspiration that comes from getting inside an author’s head for a short while.
Musicians & the Market
Did you know that the lessons you learn when learning to play in instrument could also be applied to investing and the financial markets? It’s true.
In college (go Buckeyes) I studied music and psychology while pursuing my passion for music playing the trumpet and singing. Here I am, several years later and still trying to justify my music degree to my parents, however, I am eternally grateful for that time I spent studying music. While it was not easy, it was absolutely full of rewards.
What Is Your Investment Horizon?
The number one question investors should be asking themselves at all times is “what is my investment horizon?” More specifically, “what is my time horizon?”
Hi I’m Dave! Thanks so much for checking out the blog. Check out our free behavioral investing course and don’t miss an episode of Dave’s daily market recap show!
“Those who can not remember the past are condemned to repeat it.”