Investing your money in worthwhile ventures and investment vehicles is a worthwhile pursuit. The desire to see your money grow and to secure your financial future is normal and encouraged in most cultures. Is investing turning into something that is out of control? Is your pursuit to leverage your savings to make more money turning into an addiction that borders on something unhealthy?
The emotions that follow a successful investment are unlike any other that you may ever experience. Finding a solid investment vehicle and researching the investment. Looking at the market carefully and then coming up with a game plan is thrilling. You enter the market and invest your money and then this is where the real fun starts. You're in and your heart is beating in your chest. You watch with anticipation as it all plays out as you had hoped. You sell off the investment, collect your reward and the rush of emotions flood your body. There is nothing like it in the world and you're hooked. You want that feeling again and again but you know that this thrill is only part of the process of investing.
On the other hand, there are some of us that allow investing to rule our lives. An investment pays off and we feel like a winner. When an investment doesn't pay off we feel like a loser and we begin to chase that emotion so fiercely that sometimes thought and reason leave us and we begin down the path to addiction.
It can be tempting to check the status of your investments a couple of times a day. The childlike glee that we get when we see that an investment has improved or a stock has gone up in price brings a smile to our face. Of course, if you find yourself glued to the computer screen refreshing the page you might have a problem. If you mood and how you feel about yourself and those around you is affected by what you see then you need to check your emotions. Being nervous or overly concerned about an investment that you have researched and done your due diligence with is insanity. You have safeguards in place, such as stops and sell orders, which will take care of losing too much money and selling your stock or option when your predetermined price has been reached. Also, if you find yourself moving your stops and sell orders because you don't want to lose or because you are feeling greedy then you might have a problem.
Going to extremes to find stock tips or advice about investments from dubious sources is another sign that you might be dealing with an addiction rather than a desire to make good investment decisions. Subscribing to stock tip newsletters that tell you which stocks or investments are primed to move on any given day is a sign that you're grasping at straws for investment advice. Often these newsletters themselves are the reason behind the jump in price and the owners of the newsletter have already put their money in place and are simply using people like you to pump the price up artificially. Steer clear of nameless, faceless advice. You are being used and this is not investment advice at all that you are receiving.
Most of us have one or two investment types that we prefer. We all have a knack for picking stocks, a feel for a certain currency pair or we enjoy investing in companies that we know a little bit about. If you find yourself chasing after profit and trying many different types of investments because someone told you that they know this particular investment is going to pay off then you might have a problem. Stick to investments that you enjoy learning about. Venturing off into uncharted territory when money is at stake is an unwise investment no matter where your information came from.
Lastly, if you find yourself using money that is earmarked to pay bills or that is put aside for savings or your child's education then there is a real problem. Stealing money from savings accounts or other investments because you lost some money on your last investment or because you feel a need to make money is a sign that there is a problem. Lying or not telling a spouse or partner about your investments and thinking that you can return the money as soon as you cash out is your investment addiction talking and no common sense.
Investing is a wonderful thing to do with your money. Over the long run, you will find that if you make intelligent choices based upon both facts and your feel for a market, you can do very well. The temptation to let your emotions get the better of you and force you to make decision that you otherwise might never make is a sign that something is wrong. Take this seriously. You obviously have a talent and a desire to make more of your life. Keep your emotions in check and don't let investing become an addiction for you.
The emotions that follow a successful investment are unlike any other that you may ever experience. Finding a solid investment vehicle and researching the investment. Looking at the market carefully and then coming up with a game plan is thrilling. You enter the market and invest your money and then this is where the real fun starts. You're in and your heart is beating in your chest. You watch with anticipation as it all plays out as you had hoped. You sell off the investment, collect your reward and the rush of emotions flood your body. There is nothing like it in the world and you're hooked. You want that feeling again and again but you know that this thrill is only part of the process of investing.
On the other hand, there are some of us that allow investing to rule our lives. An investment pays off and we feel like a winner. When an investment doesn't pay off we feel like a loser and we begin to chase that emotion so fiercely that sometimes thought and reason leave us and we begin down the path to addiction.
It can be tempting to check the status of your investments a couple of times a day. The childlike glee that we get when we see that an investment has improved or a stock has gone up in price brings a smile to our face. Of course, if you find yourself glued to the computer screen refreshing the page you might have a problem. If you mood and how you feel about yourself and those around you is affected by what you see then you need to check your emotions. Being nervous or overly concerned about an investment that you have researched and done your due diligence with is insanity. You have safeguards in place, such as stops and sell orders, which will take care of losing too much money and selling your stock or option when your predetermined price has been reached. Also, if you find yourself moving your stops and sell orders because you don't want to lose or because you are feeling greedy then you might have a problem.
Going to extremes to find stock tips or advice about investments from dubious sources is another sign that you might be dealing with an addiction rather than a desire to make good investment decisions. Subscribing to stock tip newsletters that tell you which stocks or investments are primed to move on any given day is a sign that you're grasping at straws for investment advice. Often these newsletters themselves are the reason behind the jump in price and the owners of the newsletter have already put their money in place and are simply using people like you to pump the price up artificially. Steer clear of nameless, faceless advice. You are being used and this is not investment advice at all that you are receiving.
Most of us have one or two investment types that we prefer. We all have a knack for picking stocks, a feel for a certain currency pair or we enjoy investing in companies that we know a little bit about. If you find yourself chasing after profit and trying many different types of investments because someone told you that they know this particular investment is going to pay off then you might have a problem. Stick to investments that you enjoy learning about. Venturing off into uncharted territory when money is at stake is an unwise investment no matter where your information came from.
Lastly, if you find yourself using money that is earmarked to pay bills or that is put aside for savings or your child's education then there is a real problem. Stealing money from savings accounts or other investments because you lost some money on your last investment or because you feel a need to make money is a sign that there is a problem. Lying or not telling a spouse or partner about your investments and thinking that you can return the money as soon as you cash out is your investment addiction talking and no common sense.
Investing is a wonderful thing to do with your money. Over the long run, you will find that if you make intelligent choices based upon both facts and your feel for a market, you can do very well. The temptation to let your emotions get the better of you and force you to make decision that you otherwise might never make is a sign that something is wrong. Take this seriously. You obviously have a talent and a desire to make more of your life. Keep your emotions in check and don't let investing become an addiction for you.
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