Do you listen to your heart… or your head?
We write about this topic quite a lot at Liberty Through Wealth. When Alexander Green wrote recently about seven habits of highly successful investors, he mentioned that you can’t buy or sell for emotional reasons and expect to build wealth.
Mark Ford has written that in certain situations, rational thinking isn’t enough: “To make the best decisions, we must also call into play our emotional intelligence.”
So we decided to ask readers this week: Are you an emotional investor or a rational investor?
The vast majority said they were rational. Like Samuel J., who wrote, “In all situations, being rational works better than letting emotion run riot!”
Et D. wrote, “I just need capital. As long as this road has been, there’s no time for emotion.”
Some were split between the two. Like Stephen M., who wrote, “70% rational 30% emotional. I try to drown out all the superfluous nonsense and listen to my brain and not my wallet.”
Click here to view the results of this week’s poll.
P.S. In case you missed it, Alex answered reader questions in a short and informative video yesterday on the Liberty Through Wealth Facebook page. If you’ve ever had questions about investing in today’s market, give it a watch.
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