1958: Stocks - Part III: Most People Lose Money In The Market by JL Collins
Optimal Finance Daily - Financial Independence and Money Advice
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Stocks, Part 3 - Most People Lose Money in the Market
In theory, it's really not that hard to throw your money into a low fee, total market index fund and just let it grow for decades until you're a millionaire. But practice, our emotions get in the way. We have a desire to beat the market, and putting aside money for a long period of time feels restrictive. This tendency can make us both greedy and fearful, which are two emotions that lead to poor financial decisions. I think if we can come to an understand nthat money is only as valuable as our clarity on how we're going to use it and our comfort level of how much is enough, we'll be in a much better position to navigate our emotions.
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