Ontario Community Newspapers

Oakville Beaver, 3 Jan 2019, p. 17

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17 | O akville B eaver | T hursday,January 3,2019 insidehalton.com Welcome Home to tHe neWly renovated Queens avenue retirement residence Now offering 6-moNths Rent-Free* 1056 Queens Avenue, Oakville, Ontario L6H 6R3 www.queensavenueretirement.com *T er m s an d co nd it io ns ap pl y. Experience a retirement community designed for the perfect life balance featuring: l Updated spacious suites with full kitchens and meal programs l Your choice of either Independent or Assisted Living packages l Social and activity programs for all interests l 24-hour staffing and daily status checks Explore the new Queens Avenue and ask about our six-months rent-free offer today CALL 905-815-0862 or EmAIL info@queensavenueretirement.com to book A vISIt Print coupons instantly or receive by mail - free! Redeem coupons at any major retailer in Canada. flyers. coupons. shopping lists. Shop Smart Get coupons for products you use and love Learn more at Save.ca/mobile Although we may not like to admit it, emotions can often get the better of us when making (or not making) investment decisions. Perhaps you get caught up in the buzz of what your friends or family members are doing -- but this might not put you on the fast track to financial suc- cess. "Emotions can hijack your investment decisions," explains Michael Sherman, RBC behavioural economics expert. "While we all tend to be emotional about money, we're far better off when we approach a long-term investment strategy from a cool and rational perspective." Tales of overnight success thanks to a hot investment can make it seem like a great idea to jump on the bandwagon. The same goes for getting caught in panic mode and perhaps selling prematurely when markets turn. So, just how can you keep emotions out of your investing deci- sions? Here are three considerations. Make a plan and stick to it A plan will be your guiding light to help you reach your long- or short-term goals. Having an investment strategy that's right for you can let you rest easier as market fluctuations run their course. Look at how often you're checking your portfolio Monitoring is a key part of investing to keep track of what's happening. So find the right monitoring schedule for you, whether that's daily, weekly or monthly. Losing hurts Understanding the concept of loss aver-Understanding the concept of loss aver-Understanding the concept of loss aver sion - the theory that losses hurt far more than the enjoyment we get from gains of equal value - can help keep emotional re- actions in check during volatile markets. In short, do your research, know your-In short, do your research, know your-In short, do your research, know your self, and stick to your plan to help keep your emotions from overpowering your ra- tional thought process. Find more invest-tional thought process. Find more invest-tional thought process. Find more invest ing inspiration at rbcdirectinvesting.com. (NC) Advertorial Three ways to keep emotions in check when investing

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