What happens if you don’t have principles or an investment philosophy? Then you are going to lean on what “feels” right at the time. These feelings, or what you might label intuition, are often influenced by the current environment you find yourself in. So, in a year like 2017, when you see bitcoin climb from $1,000 to nearly $20,000, you might find that your investment interest has peaked. On the other hand, in a year like 2018, when you see that $20,000 mark plummet back to the $3,000 range, then you would likely be a bit more disenchanted. An investor without principles is like an unanchored balloon; it will go wherever the wind takes it, for better or for worse.
Links mentioned in this episode:

http://thoughtsonmoney.com
http://thebahnsengroup.com

Ver todos los episodios