Emotional Investing: A Recipe for Disaster

Emotional investing is akin to navigating treacherous waters without a compass. Fear of missing out (FOMO) can push investors to chase after hot trends, resulting in buying at inflated prices. Similarly, greed can lead to excessive risk-taking, seeking quick profits without proper evaluation of potential downsides. Emotions can distort perceptions of the market, leading to irrational decision-making, and ultimately, significant financial losses.

Tony Gutierrez

About the Author

Picture of Amy Novakovich, CFP®, CRPC®

Amy Novakovich, CFP®, CRPC®

Amy is a Co-Founder of Nova Wealth Management. She is a native of Wisconsin and moved to Florida in 2004. She earned a degree in finance from Florida Gulf Coast University. Amy is a CERTIFIED FINANCIAL PLANNER™ professional (CFP®) and a Chartered Retirement Planning Counselor® (CRPC®).