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RE: Finance and Emotions

in LeoFinance3 years ago

I think it takes practice to disassociate your emotions from your financial decisions. I have learnt the hard way not to mix both together, and to work against market sentiment most times, esp when not backed by anything tangible. And you are right, most of these financial skills are not taught in schools. Most of what I have learnt about finance and investment has come from interacting on platforms like leofinance.

"How you behave is more important than what you know "

At the end of the day, it all boils down to what we do and not what we know. I cannot begin to mention how many times I haven't taken my financial advice. I have made several predictions in the past that became a reality but never really implemented them mainly because I let sentiments get in the way. So yes, the statement is true. We need to learn to mirror our knowledge to our actions.

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There are people who are great thinkers, and although thinking is necessary, we definitely could not achieve anything if we only keep things in our minds and do not put them into action. And even more so if we do nothing out of fear.
So, acting is necessary.
Thank you very much for commenting.