In other words, great investors don’t confuse facts with feelings and they understand that success is mostly about behaving rationally, not emotionally.
In the next couple of articles we will address some of the important principles of behavioral finance and discuss how you can apply them to help you become a better investor.
John Spoto is the founder of Sentry Financial Planning in Andover and Danvers. For more information, call 978-475-2533 or visit www.sentryfinancialplanning.com.
This article is for general information purposes only and is not intended to provide specific advice on individual financial, tax, or legal matters. Please consult the appropriate professional concerning your specific situation before making any decisions.