As we rapidly approach November, one subject appears to draw up all of the oxygen in regards to current occasions– and it's not Thanksgiving. No one understands what will happen after the election, but provided the razor-thin margins and the heated political climate in America, turbulence is most likely. To be successful in investing long-term, concentrate on purchasing strong companies that satisfy Guideline # 1 criteria and are "on sale."
Many individuals battle with this due to stress, market fluctuations, or other diversions. Handling your feelings is key to making rational investment decisions, which depends on how well you take care of yourself. Tension and worry result in bad choices, so practice remaining mindful, whether through meditation, workout, or reading, to keep a clear head and avoid emotional decisions.
On this Vault episode pulled from the last presidential election cycle in the United States, Phil and Danielle discuss the negative effects of stress on one's investing practice and how mitigating that tension can enhance your wellness in addition to your portfolio.
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Love this.