The Cost Of Acting On Emotions
Updated: Mar 29, 2020
In October 2008, the market hit rock bottom. Many investors panicked and sold, locking-in their losses. Many who acted on emotion mainly moved their money into cash or tried to time the market by reinvesting into the stock market a short-time later.
However, as illustrated below, those who stayed the course and had the foresight to take advantage of high-quality assets on sale, during the worst financial crisis of our time, ultimately benefited the most from the inevitable market upswing.
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Before making an investment decision based on this advice you should consider, with or without the assistance of a qualified adviser, whether it is appropriate to your particular investment needs, objectives and financial circumstances. Past performance of financial products is no assurance of future performance.