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How to Manage Fear and Build Your Investor Identity
John Wiley and Sons
September 2010
On Sale: September 7, 2010
240 pages ISBN: 0470543582 EAN: 9780470543580 Hardcover
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Self-Help Money | Non-Fiction
Investing well is not about the markets—it's about you. The
markets will do what they do, which is fluctuate. The
question is, as the markets fluctuate, what do you
do? While you may not think that your investment
performance is affected by who you are, think again. Recent
research has uncovered startling information regarding the
relationship between who you are, how you invest, and what
that ultimately means for your wallet. For the past
two decades the psychological mistakes of investors have
been rigorously defined by experts in the fields of
behavioral finance and experimental psychology. The problem
with this is that investors haven't been told what they can
do to overcome these innate errors of judgment. It's time to
find an appropriate road to recovery, and that road starts
by understanding who you are as an investor: your Investor
Identity. That's why authors Richard Peterson and Frank
Murtha of MarketPsych LLC—an innovative organization that
offers psychology-training services for the financial
industry—have created this timely guide. Written with
every investor in mind—from mutual fund dilettantes to
penthouse portfolio managers—MarketPsych will put you in a
better position to improve your investing by helping you
honestly answer questions such as: Fundamentally, why am I
investing? Who am I trying to be when I buy or sell stocks?
What are my deeper "emotional" objectives? How am I
deceiving myself in the markets? And while the book
does not recommend a specific method of investing, it does
assist you in understanding your financial personality
style, emotional triggers, values, and assumptions, and it
reveals how to invest comfortably within your newfound
investor identity. Investing appears to be about the
markets, but it's not, it's really about you. By addressing
the major psychological underpinnings of strong and weak
investment performance—from personality traits and emotion
management to values and beliefs, thought traps, and stress
management—and showing you how to institute lasting
behavioral change and maintain motivation in pursuit of your
goals, MarketPsych will improve your investing mindset and
help you excel even in the toughest markets.
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