Financial Decisions - Rationally or Emotionally??
(Edited)
How should we take financial decisions- Rationally or emotionally?
Every human being has two state of mind, they may take decision rationally or emotionally. Sometimes we are driven by emotion and sometimes we are driven by logic.
I never ignore the importance of rational or emotional state of mind, both are important. But in case of financial decisions if we are driven by emotion, it may cause a huge loss.
How?- that is discussed on the video. Let's have a discussion about your decision making procedure.
▶️ 3Speak
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Watched your video. But I can't control emotions all time not even in case of financial decisions. And I have not enough idea about finance. So how can I get decision rationally?
If anybody don't have enough idea about any specialized financial sector, he should take suggestions from experts. Otherwise he should not finance.
Why are you talking to yourself? Do you have personality disorder? bdkabbo is your own account....
No dada. Why you think so?
Your own folks tells me..... what do I know? I don't have time for this :)
I could not understand dada.
Financial decision making is a critical task. I think, rational and emotional both are involved in this case as you mentioned in your post. We are incurring some loss as well But there should have been rational all the time as its matter of loss of wealth.
Yeah, financial decisions are very much sensitive and critical. So there should not be biased by emotion as it may cause loss of wealth.
But I believe that either there are some profit, even than nobody should take decision emotionally.