You're making big financial mistakes – and it's your brain's fault

  • 📰 CNBC
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

When it comes to investing, 'we're our own worst enemy,' says ricedelman, explaining the tricks our minds play on us. investinyou (In partnership with acorns.)

But do you hold your investments for just 30 days? Unlikely. If you're investing to achieve long-term goals, such as paying for college or saving for retirement, monthly returns don't matter. The below chart, showing the market's returns over 20-year intervals since 1926, reveals that the stock market's returns are remarkably consistent over long periods.Ignore the daily movements of the market, and stay focused on your long-term goals.

Whether or not you are a soccer fan, you should know this applies to investing, as well: The less often you change your investments, the better off you'll be. So, when tempted to do something, don't. Instead, just stand there.Lightning. But you're forgiven if you thought sharks, because the media cover shark attacks more than lightning strikes.

The availability of information causes us to act on it. Don't be so sure that the facts you're hearing about are the only facts that matter. Sources: International Shark Attack File, Flordia Museum of Natural Hostory, Univeristy of Florida, NOAA. National Weather Service, Google news sources, 2001-2012Disclosure: NBCUniversal and Comcast Ventures are investors in

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ricedelman acorns For a reasonable mix of personal financial advice: A) take some elements of Ric Edelman B) take some elements of Suze Orman C) take some elements of Dave Ramsey Combine and shake well 💰💰💰

ricedelman acorns Well I didn’t think it was my foots fault 🤷‍♀️

ricedelman acorns Traditional money management is not always the best recipe.

ricedelman acorns Mistakes that high functioning sociopaths don't make.

ricedelman acorns If only I didn’t have a brain

ricedelman acorns SaraEisen love your work ;)

ricedelman acorns How can I purchase xrp? And where/how do I store it securely? How easy is it to transfer to another person or store? The people need to know.

ricedelman acorns 'I don't care if China never trades with us again!' - Trump

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

If You're Tracking Calories and Still Not Losing Weight, You Could Be Making These MistakesTo start losing weight, you need to cut around 500 calories a day, but if you're doing that and still not seeing results, you may need to take inventory of
Source: POPSUGAR Fitness - 🏆 401. / 53 Read more »

Boomers and Generation X see this as the No. 1 financial mistake — but millennials don’tThe No. 1 answer for millennials was not socking money away in an emergency fund. Boomers and Gen Xers answered differently...
Source: MarketWatch - 🏆 3. / 97 Read more »

An analyst who just ditched his investment bank job is already winning big research clients on his own ⁠— and it's a sign the financial world is getting flipped on its head'You need to understand how clients think.'
Source: BusinessInsider - 🏆 729. / 51 Read more »

FYI: You're Not A Single Mom If You're MarriedSimply put, 'single' and 'married' are antonyms. They have opposite meanings. You cannot be married and single at the same time. That is false! Military mom's feel very much alone when their spouse is gone. Especially overseas. I should know, 8 years of my daughter's life, the majority of I did alone. Yes, I had friends and family to help, but not 24/7. My husband belonged to this country. While these are extremely valid points, some of it is just naive to know what some women or men are going through if they want to call themselves “single parents.”I’ve been both!Now marries &my husband is amazing,some women are being beat,cheated on,ect.1/2 2/2 So for that, screw the “single parent” title if they want to say that!ive been a single parent! It sucks! Did ya think about the chronically ill as myself carrying for all this at home even married to an amazing man?So, please don’t generalize.That’s all.😊
Source: ScaryMommy - 🏆 116. / 63 Read more »

The one big change Strictly Come Dancing made in their celebrity reveals this yearFind out how 2019's Strictly Come Dancing is already so different this year compared to last's
Source: hellomag - 🏆 24. / 68 Read more »