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Your Opinion Doesn’t Matter

Businesses like to hear the opinion of actual customers because those opinions can inform the decisions the business will make.

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As a consumer, you’ve probably been solicited at least a time or two for your opinion on a product or service that you’ve purchased. Businesses like to hear the opinion of actual customers because those opinions can inform the decisions the business will make and how they can appeal to a larger audience.

When it comes to investing, it’s pretty common knowledge that you don’t want to invest based on emotions. If you were asked whether men or women investors tend to be guided more by emotion, you would probably say that women are the emotional investors and men are more data-driven. And, you’d be wrong. There is lots of evidence in the marketplace that men are much more emotionally invested in their investments than women are.

Today, we’re talking about your opinion of the markets and how that plays a role (or shouldn’t) in your investment strategy. To learn more tune into this episode of Better Money Decisions.

Show Highlights:

  • Your opinion of the market predictions should never guide your investing strategy.
  • The market is non-emotional and non-personal, don’t try to make it otherwise.
  • You don’t get emotional about buying fruit, so don’t get emotional about buying stocks.
  • Don’t wrap emotion in logic in order to make investment decisions.
  • Your opinion will never affect market movement.
  • You can avoid many common investment mistakes by not letting your opinion guide you.

About the Author

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Kate Stalter

CMO and Senior Financial Advisor

Kate is a Series 65-licensed advisor, has hosted the Daily Stock Analysis and Market Wrap videos on Investors.com, and taught Investor’s Business Daily live seminars. She contributes to Forbes, US News & World Report and TheStreet. Kate’s primary focus is helping clients who face decisions about portfolio allocation, Social Security strategies, insurance needs, estate planning, college funding and all manner of financial questions.

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