Investing, what an emotional roller coaster ride it can be. It causes you to ask the question, "Do I ride it out, or get off and find a ride with fewer loops, twists, and hairpin turns?" Have you ever been to an amusement park waiting in line to ride a roller coaster for the first time, how did you feel? You probably felt fear and total excitement all in one emotion. Once you are on the ride, you realize there are twists, turns, and loops you were not expecting and the screams coming from you are both terror and immense joy. Well, investing can feel that way at times.
With guidance from your financial advisor, you have made the decision to invest your hard-earned money. You are made aware of the ups and downs of investing, but until your money is invested (you are now on the ride), you have no idea what is around the corner (twist, turns, and upside-down loops)and how you will react. One moment it is fear and you just want to get off and the next moment you are laughing so hard with the thrill there are tears running down your face. Normally, after experiencing a roller coaster for the first time and going through the emotional extremes while on the ride, once you are off the ride, you can't wait to go back on it again. Investing can feel like this. You will experience a wide range of emotions and in the end, you will come away feeling accomplished and victorious and ready to go again.
The link below, "Don't Let Your Emotions Guide Your Investment Strategy" will give you insight and help ease your concerns.
As always, if you have any questions, please reach out to our office. We are here to help. To help others, please share this blog post.
Jacob S. Bierstedt, CFP®, ChFC® *Author
David S Dixon, CFP®