【求3篇英文文献.情绪对投资决策影响的文章.07年以后的.不要太长.】
求3篇英文文献.情绪对投资决策影响的文章.07年以后的.不要太长.
【求3篇英文文献.情绪对投资决策影响的文章.07年以后的.不要太长.】
求3篇英文文献.情绪对投资决策影响的文章.07年以后的.不要太长.
供你参考
(1)《KeepYourEmotionsOutOfYourInvestmentChoices》
Investingisalwaysagameofknowledge,numbersandtiming.Onething,however,thatallofthestarinvestorsagreeon,isthatnoneofthesethingsareasimportantasaneventemperament.Whenyouareinvestingoreventhinkingofinvesting,aclosewatchneedstokeptonemotionaldecisions.Makinganinvestmentdecisionbasedonanemotionlikefearorexcitementcouldcostyoubig.
Itdefinitelytakespracticetokeepone'semotionsincheckinthestockmarket,astheyarerunbythehard-wiringinourbrain.Thetrickisnevertomakeandactonanimpulsivedecision.Soyourstocksaredown30%.Insteadofpanickingandsellingoutoffear,youshouldremaincalmandrelyoncold,hardandlogicinvestinglawstohelpyoudecidewhatyoushoulddo.Steppingoutoftheemotionalstateofmindcanhelpyoutremendouslywhenitcomestoinvesting.
Evenbasicrulesofthestockmarketlike"buylow,sellhigh"cangetthrownoutthewindowwithemotionaldecisions.Sotobeginkeepingthosedevastatingactionsatbay,startthinkingaboutwhyyouaremakingthedecisionyouarewhileinvesting?Areyouchoosingwhattoinvestinwithlogicandgoodinvestorexperience?Orareyoujustpickingupwhat'shotbecauseyouareexcitedaboutit?Askingyourselfthesequestionsonaregularbasiscanhelpyouuncoversomethoughtsandactionsyouaremakingforthewrongreasons.
Onceyoubegintolevelyourtemperamentwhenitcomestoinvesting,youcanbeginmakingwiserdecisions.Investmentscanbemadeoverthelonghaulandgiveyouamuchhigherreturnthanimpulsivesaleswhichgiveyousomeluckhereandthere.Seeingthingsfromanemotionaldistancecangiveyoutheclarityneededtoseethebigpicture-muchlikestandingfurtherbackfromabuildinghelpsyouseemoreofit.IfyouarenotadaytraderorinthepitonWallStreet,thereisnoreasonforyoutoactfastanonimpulse.Takeiteasy!
(2)《HowInvestorEmotionsHelpUsMakeBadInvestmentDecisions》
Therearemanydifferentreasonswhypeoplechoosetoinvestinequities,howeveritbecomesalotmoredifficulttopicktherightequitiesandavoidthewrongones.Inmanycases,investorsfindthemselvesbuyingintocompaniesthatarehighlyvaluedandsellingthemweeks,months,orevenyearslateroncetheirvaluehasallbutdisappeared.Thisiswhatisknownasthecycleofinvestoremotionswhich,notsurprisingly,areparalleltothemarketcycle.
Therearefour(somearguefive)documentedemotionswhenitcomestothemarketcycle.
1.Trough-Atthisstage,themarkethasreacheditsbottom.Mostrecently,thatwouldhavebeenMarch9,2009.Emotionally,however,jumpingintothemarketisdifficultbecausethemarkethasdroppedsomuchthatequitiesareoutoffavorandotherassetclasses(likehighyieldbondsandgold,mostrecently)becametheflavoroftheday.Overall,peoplearedemoralizedanddiscouragedaboutequitiesandoftenoptto"cuttheirlosses"atthisstagebeforeitgetsanyworse.
2.Recovery-Atthisstage,themarketisstartingtoturnaround.Thereisstillnegativeeconomicdata,yetmoreandmorecompaniesarereportingbetterfinancialresults.Still,investorsaredoubtfulandstayawayinfearofa"double-dip"ortheirotherinvestmentsarestillperformingquitewell.
3.MarketExpansion-Here,theeconomyishummingalong,companiesarereportingrecor