{"id":8453,"date":"2023-09-15T11:15:28","date_gmt":"2023-09-15T10:15:28","guid":{"rendered":"https:\/\/www.boosst.financial\/insights\/?p=8453"},"modified":"2023-10-19T14:42:26","modified_gmt":"2023-10-19T13:42:26","slug":"long-term-goals-short-term-emotions","status":"publish","type":"post","link":"https:\/\/www.boosst.financial\/insights\/long-term-goals-short-term-emotions\/","title":{"rendered":"Long-term goals, short-term emotions"},"content":{"rendered":"
\n

Long-term goals… short-term emotions!<\/span><\/h1>\n

 <\/p>\n<\/div>\n

\n

Goals & Emotions<\/span><\/h4>\n<\/div>\n
\n

As a client of boosst, there is always a tension that exists between the sensible, well-thought-out long-term financial goals that you set for yourself – often at our annual planning meetings – and the emotions that you are likely to experience in the moment<\/em>, as markets respond to new information and portfolio values are impacted. <\/span><\/p>\n

This tension is most obvious in the early stages of our relationship – especially when a portfolio either goes down, or sideways in the first year or so. As much we all want your first investing experience to be a positive one (with markets rising), in reality this is obviously not always the case, as newer clients have recently experienced.<\/span><\/p>\n

From your point of view, an aversion to loss, the feeling of loss of control and disappointment at seeing hard earned money falling in value can feel unsettling. From our perspective it can also be a challenging time, knowing that however sound the financial plan we have built for you, however sensible the portfolio asset allocation and however much time we have spent providing insight into the up and down journey you will experience, emotions often trump logic when a portfolio shows a fall in value.<\/span><\/p>\n

 <\/p>\n

Whenever markets are having a dip – use these four steps to remind yourself of why ‘no action’ is the best action:\u00a0<\/span><\/strong><\/p>\n