A Word on the Psychology of Investing

Being an investor can be one of the hardest things to do. When you want to give up on an investment and throw in the towel, it often begins to rise, and when you are cheering it is making new highs and want to buy more, it can experience a sharp decline. It’s called “contrarian” thinking to do the opposite that you’re comfortable doing.

If investing was easy, everyone would be rich.

That doesn’t mean you shouldn’t do it. Just know that pa tience is golden. Silver and gold have been trending sideways for several months. The good news is cycles are about to turn up for precious metals, so the plane has left the gate and is headed to the runway. Hold tight and know that long-term, you have the only true currency that will maintain its value.

This entry was posted in Investing and tagged , , , by Linda. Bookmark the permalink.

About Linda

Host of the “Be Wealthy & Smart” podcast on iTunes. Linda received a bronze 2014 Stevie® as “Maverick of the Year” for financial education by the American Business Awards. A millionaire at age 38 and widowed at age 45, Linda uses her vast financial experience and knowledge to empower women and men worldwide to financial freedom. She is the only financial expert who teaches to start with a wealthy mindset before learning the twin pillars of wealth building: investing like billionaires and creating a luxury brand business.

Leave a Reply

Your email address will not be published. Required fields are marked *