Topic: How To Invest

What is Pat’s commentary for the week of June 11, 2019

Article Excerpt

Here’s one of the most instructive one-liners about the stock market that I’ve ever come across: “A rising market climbs a wall of worry.” The phrase has been around since the 1950s, but it never gets outdated. That’s because it says as much about human psychology as it does about finance. People generally tend to seek out things to worry about. Investors tend to seek out investment worries even more keenly, because there’s money involved. In addition, many investors find it easy and appealing to speculate about the future, for good or bad outcomes. All this worry-seeking generates an awful lot of false alarms. If you hope to succeed as an investor, you need to avoid reacting impulsively to the many worries that turn up in the investor news each day. Ultimately only a handful will alert you to serious problems, but many of them can weigh on the market temporarily. You need to overcome the urge to sell just because stock prices…

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