Hello,
I hope you all are doing good qnd are Financially, Health-wise Fit and Fine...
There are certain statements heard like
Be Practcal when its Money Matters, Emotions have no place
Invest and trade in markets without being emotional about it
Don't get attached too much in Profits / Losses, etc.. etc..
Here are my Pros and Cons to this Debate :
1. Analsyis
Financial Analysis on basis of the Fundamentals of the Company or Commodity or stock, is oure accounting and Number game.
Analysis on the basis of Charts is study of numbers with human behaviour of investment. So, here emotions and thought process of investors can be out in graph and studied for further decision..
2. Profit & Loss
It is human to be excited in gains / profits and sad during losses. So emotions do get attached to Money gained / lost.
But the thumb rule in Financial markets, is to be disciplined while booking profits or losses than get emotionally attached to; and be greedy or fearful about the same.
3. Property or legal matters
Hmmm... The main issues due to which courts have lot of work to do.
Its legal right of heirs for ancestral property or property of parents. However, over the period of mankind, we see the Greed, insecurity factor overpowering the family emotions. Hence, lack of understanding & proper Value System; mandated the need of Courts, Counselors, Financial experts, Arbitrators, etc.
Finance over Emotions says to give importance to security of self and other members.
4. Targets and deadlines
The people working in Financial Service Sector or any Service and Sales sector would immediately relate with what I am trying to say.
I was in Financial markets and we had Brokerage targets, Sales targets. I have seen many instances where despite lack of Optimistic view on any investment, we have to make clients invest, based on the so-called Technical & Fundamental Experts.
As such markets on Human behavioural pattern, still, at the end its money we are talking about. So meeting targets and deadlines are important to many industry people...
Cruel facts you see....
This topic came to my mind, when I surveyed and found insecurities, My personal broking firms' experiences, Death Will Stories, family disputes over money matters, Spiritual approach vs Practical Approach, etc.
The advice to the Naive ones is to think practical and safe your wealth and do not show your goodness and even I saw the hypocrisy prevailing in so called elders and being very emotionally attached to certain things...
I have seen dual views in brokerage firms too and pressure built on junior staff.
Though, Money is Money. It makes you overlook Emotions....
hope many would connect..
I would love to hear your comments....
Still, I believe the study I am doing based on Value based Co-existence, Has given me Positive Strength that inculcates Emotions over any finance....
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