09-14-2018, 09:10 AM
Wrath – never get angry; just fix the problem and move on.
Greed – greed causes investors to lose more money investing than at the point of a gun.
Sloth – don’t be lazy; if you don’t pay attention to your money – why should anyone else?
Pride – when things are going good don’t be prideful – pride leads to the fall. You are NOT smarter than the market, and it will “eat you alive” as soon as you think you are.
Lust – lusting after some investment will lead you to overpay for it.
Envy – this goes along with Lust and Greed
Gluttony – never, ever over-indulge. Putting too much into one investment is a recipe for disaster.
Advice is often worth exactly what you pay for it, and sometimes not even that. A friend passed these along to me some time ago and I thought to share them with you.
Greed – greed causes investors to lose more money investing than at the point of a gun.
Sloth – don’t be lazy; if you don’t pay attention to your money – why should anyone else?
Pride – when things are going good don’t be prideful – pride leads to the fall. You are NOT smarter than the market, and it will “eat you alive” as soon as you think you are.
Lust – lusting after some investment will lead you to overpay for it.
Envy – this goes along with Lust and Greed
Gluttony – never, ever over-indulge. Putting too much into one investment is a recipe for disaster.
Advice is often worth exactly what you pay for it, and sometimes not even that. A friend passed these along to me some time ago and I thought to share them with you.