When it comes to stocks, chances are that no matter how credible the source is, they still don’t have the answer. It’s easy to become fixated on the idea of certainty and security, but the truth is that no one person can really predict the outcome. In todays’ episode, Kate Stalter talks about putting aside desire for certainty, the common misconceptions people have about stocks and how to shift that mindset. To learn more about avoiding bad market prediction and how to determine what works best for your personal portfolio, tune into this episode of Better Money Decisions.
Show Highlights:
- The common obsession with market prediction and certainty
- The loss and gains sensation
- What determines stock prices
- Commonalities between credible people giving bad predictions
- Correlations between the economy and the stock market
- How to avoid guessing what might cause buyers and sellers to act
Links:
The Dangers of Listening to Financial Pundits
https://finance.yahoo.com/news/dangers-listening-financial-pundits-130000552.html
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Kate’s Forbes articles:
https://www.forbes.com/sites/katestalter/#799df653349f
Kate’s US News & World Report articles:
https://www.usnews.com/topics/author/kate_stalter
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