Trump’s Out; Biden’s In: What You Need To Know If You’re Invested In Stocks
- Date: 20-Jan-2021
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
Trump’s Out; Biden’s In: What You Need To Know If You’re Invested In Stocks
New York Stock Exchange (NYSE) at Wall Street on January 12, 2021 in New York City. - US stocks on ... [+] January 11, 2021 retreated from records set last week as political uncertainty, including efforts to remove President Donald Trump from power, has finally shaken investors. (Photo by Angela Weiss / AFP) (Photo by ANGELA WEISS/AFP via Getty Images)
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America is in turmoil and many are worried about a massive correction in stocks. While a correction is inevitable at some point, in the near-term, the odds are against it. In this article, we'll discuss what really drives the stock market and how the recent turmoil is nothing more than extraneous noise for investors.
Emotional Investing: A Recipe for Disaster
We are emotional creatures (even those who are highly analytical), and as such, we all have feelings. Moreover, it is our thoughts that form our beliefs and our feelings (emotions) tend to dictate our actions. This is a subject that has been studied at length. Nonetheless, if we can control our emotions, we can minimize investment mistakes. Have you ever heard that we shouldn't make important decisions when we are