With Shayna Steiner, investing analyst/writer for Bankrate.com
Podcast: |
Shayna Steiner shares her insights on investor behavior and attitude, and how that impacts investing decisions – and helps us manage our own behaviors and attitudes towards risk and other factors to become calmer, more rational investors.
For example, she advises impulsive investors – those whose emotions get easily affected by good or bad news, and jump to impulsive investment decisions – to minimize their exposure to the kinds of things that emotionally excite them in the investing world, such as watching the market and their shares go up or down on a daily basis. Instead, she advises investors to have a financial plan, test it for market volatility, and then stick to it come hell or high water. She also talks about how millennials are a different breed of investors from the generations before them, and what investors can do to better their chances for long-term investment success.
