Ep #26 How to Invest in an Uncertain Market
Investing your life savings in the market can be a rollercoaster ride, and it's not uncommon to feel overwhelmed by the emotional ups and downs. Unfortunately, these emotions can lead to irrational decision-making and negatively impact your long-term investment strategy.
In this episode, I will share the impact emotional investing can have on your returns, investing principles to follow so you don't react to market losses, and strategies to help position your money for long-term success.
LISTEN TO THE FULL EPISODE:
WHAT YOU’LL LEARN:
- Mistakes investors make when the market goes down
- How to take advantage of a down market
- The benefits of investing based on facts, not on trends
- How to avoid making emotional decisions with your money
IDEAS WORTH SHARING:
- "Successful investing requires having a long-term mindset with a large portion of your money." - Tom Poltersdorf
- “Do not attempt to time the market. Trust the process. Stay invested. ” - Tom Poltersdorf
- "Invest based on facts. Not emotions or trends." - Tom Poltersdorf
- "The market going down means everything is on sale. It could be an opportunity." - Tom Poltersdorf
RESOURCES:
- Episode 13 - How to Save and Invest Outside of Your Business
- 10 Principles of Effective Investing and How to Make Them Work For You by Northern Trust Asset Management
- JP Morgan Guide to the Markets
- Tom Poltersdorf: LinkedIn
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