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The Role of Emotional Intelligence in Investing
Emotional Intelligence and Investing
Investing is not just about numbers; it also involves emotions. This article delves into how emotional intelligence can influence investment decisions.
Understanding Emotional Intelligence
Emotional intelligence (EI) refers to the ability to recognize and manage your own emotions and the emotions of others. In investing, high EI can lead to better decision-making.
Impact on Investment Decisions
Investors with high emotional intelligence are less likely to make impulsive decisions based on market fluctuations. They can maintain a long-term perspective and avoid emotional pitfalls.
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