There are many factors that may have you biting your nails over your investment portfolio: recent market volatility, a likely lowering of Fed rates, and, of course, an upcoming presidential election.
While there are some areas of life where involving your head and heart makes sense, investing is not one of them — in fact, said Experian, “basing investing decisions on emotion can lead to disappointing results and long-term damage to your financial portfolio.”
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1. Have a long-term goal in mind when investing
2. Make sure to diversify your investment portfolio
3. Try the practice of dollar-cost averaging
4. Hire a financial professional to work with
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