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Investing Is Not Entertainment

investing_entertainmentAs you know, we are big fans of the BehaviorGap. Our friend Carl Richards is now being featured in the New York Times website. His latest post there is two minutes of really good advice.

Am I investing to meet my most important financial goals or am I investing as a form of entertainment? For almost all of us, it can’t be both.

Sure, investing is fun while you’re making money. But bear markets serve as a painful reminder that we don’t always make money, and I’m sure that no one enjoys losing money. We need to remind ourselves that this is not Monopoly. This is real life. We’re dealing with real money and real goals. And by confusing investing and entertainment, you almost always end up with bad results.

Read Investing is Not Entertainment

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This entry was posted on Monday, February 8th, 2010 at 8:43 pm by Chad Griffeth, AIF and is filed under 401k advice, 401k help, BeManaged, investing, investment education, retirement. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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