Get back on the horse: If your journey goes off track, don’t give up. Learn from your lessons, work out why your plan failed and get started again.
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While negative headlines about the stock market can be off-putting, investors should be grateful for them. Every dollar invested today could buy considerably more shares than it would have done at the start of the year.
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Key message: investor emotion plays a huge role in magnifying the swings in investment markets. The key for investors is not to get sucked into this emotional roller coaster.
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After spending 15 years exploring what contributes most to the happiness of our population, Australian Unity published their What Makes Us Happy? report in 2015
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“We value immediate rewards over rewards in the distant future”.
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