How to Avoid Emotional Investing | Phil Town

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Timestamps
00:00 - Intro
00:46 - Dangers of emotional investing
01:08 - Learn more at my workshop
01:41 - What is an emotional investor
02:43 - How can we avoid emotional investing
04:22 - Know who is in charge
06:00 - Question

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How to invest, investing basics, how to avoid emotional investment decisions, investing tips, investing workshops, how to not be ruled by emotions

[PhilTownRuleInvesting]

What tips do you have to invest confidently and rationally rather than emotionally? Leave a comment below!
Looking to master investing? Attend one of my upcoming 3-Day Virtual Investing Workshops! Reserve your seat.

Beware of spammers in the comments below. The link above is the only one I'll share with you.

[PierceJPeterson]

So important to be a rational investor that thinks long term and big picture. Great video!

[djben]

Compared to other channel this guy is telling the truth and explains it simply. I learned a lot from you. We must control our emotions and do enormous research about the company. It will save our ass in the future.

[jonathanrhodes]

Your previous advice about not checking the market is the best idea for this, in my view. One day, I'm going to master it!

[moneybee]

Such an important concept! When emotions overtake logic when you're investing the results are often not good!

[AJ-rclr]

I 100% agree with you on this, Phil, It's critical to think of buying stocks as if you are buying / investing a part of that company, trust me, it's how investor should think, instead of just treating a stock merely as a number or graphs.

My tips are, don't try to study too much of a sector / company business that you don't really understand, as it would only make you stressed out, its ok not to understand everything, instead, choose 2-3 companies that you really like and understand, and study them further like their management ability to spend their capital expenditure, or how they take actions during bad times ( such as the Covid Pandemic ) and if their business is sustainable for at least another 50 years from now!

that's what i always did during the research of a company that i like, and once you are truly firm with your research, you wouldn't even be scared when there is a market crash because you know that the company that you invested in are super solid and you will even sleep well during these times.

[Billy-Box]

Thank you for this. Simple and superb remarks. I'm working on becoming less emotional and more rational, and have come a little way. When it comes to really great companies that are strong in the long term, these are not that easy to find in the stock market I prefer to invest in (Sweden). A general shortage is really strong brands. But I'm still looking on, and there's a good entrepreneurship here.

[Snippets-of-Mendi]

Such a great pep talk during these volatile days! I invested in some value stocks in February and they have really gone on a downward rollercoaster ride since, but I think it's really helped prepare me mentally for the future. Hopefully a day is coming soon where some of these companies will finally have their day to shine, but it has definitely taught me the importance of not going all in from the beginning so I can add to my position as the market continues to drop, making my price per share even better.

[Mshrty]

Wonderful advice as always, Papa Phil!

[andrewmeyer]

One tip I would give to new investors is that even when you're confident in a long term investment, don't put in too much capital right away. There's been times when I would unload all the money I was capable of putting into something right up front, and in the short term market factors within a month or two would give me opportunities where I would be able to buy even more shares at an attractive price. Sometimes it pays to start a position small and be patient while you load up at prices that help you average down for an even better long term return.

[basichistory]

I am a long term dividend investor so am not too bothered about the share price at least in the short term.

[markopolo]

Instead of saying Greed: "Window of Opportunity"

Most people play Checkers while others play chess.