My Time

Saturday, December 15, 2007

Investing decisions are best made on weekends

When the markets are open especially when you see quotes in real time and have CNBC on, it's an adrenaline rush.
Your mind is not clear. When stocks are moving, you feel like buying and selling.
My best decisions, however, are always made after the market's close especially on weekends when you have 2 days to evaluate what you want to do.

If you can discipline yourself to make decisions on weekends, then that's only 52 decisions in a year and most of the time, you'll be content with your positions already...the lazy way to get rich.

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