Investment Psychology Quotes

“Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.”
― Yvan Byeajee, Paradigm Shift: How to cultivate equanimity in the face of market uncertainty

“All investing is impact investing. The key is to ensure that the impacts brought about by our investments are the kind that make the world a better place.”
― Hendrith Vanlon Smith Jr.

“Wealth accumulation and wealth decumulation are equally important. One wrong withdrawal in your retirement fund can ruin a decade of investing.”
― David Angway

“Making money and growing it while keeping the majority is a powerful combination of financial literacy. At school, you are not being taught how to get those.”
― David Angway

“Books about psychology and market behavior are low-risk, high-reward investments. They are showing you patterns of success and failure.”
― David Angway

“Appreciate the journey while you're building wealth. Get rich quick schemes are for greedy and insecure.”
― David Angway

“Paying your insurance premium is not the problem. Seeing the value of maintaining insurance is the biggest issue.”
― David Angway

“Use auto debit or auto charge to remove decision fatigue in your savings habit. It can supercharge your finances.”
― David Angway

“Never underestimate the power of tiny habits in terms of your finances. Those tiny habits, when compounded, can be a solid foundation against catastrophe.”
― David Angway

“Invest in companies that pay a dividend”
― David Angway

“Rich people focus on investing today and the future, while poor people love a pity party”
― David Angway

“Creating a business and subscribing to a get-rich-quick scheme mentality can immediately put your business in the wrong spot.”
― David Angway

“Bahala na si batman is a deadly expression in the Philippines; it means you are letting chance take over your life.”
― David Angway

“Rich people value unique practical education more than binge-watching something on Netflix.”
― David Angway

“Every investment is risky, especially when you don't know what you're doing.”
― David Angway

“Make more money so you can become a blessing to a lot of people.”
― David Angway

“There are two important things that parents can give to their children, money mindset and eating habits”
― David Angway

“20mins weekly review of your finances is way better than every year assessment.”
― David Angway

“Being successful in your finances requires more than willingness to improve. According to study, you must have a change of environment to make significant changes.”
― David Angway

“Create a financial plan to filter the possible distractions in your finances. Without a written plan, a come what may tactic won't let you win.”
― David Angway

“People buy things they think they need to cover up for their low self-esteem.”
― David Angway

“Most people are magician when it comes to money. Majority lose it all without even knowing it.”
― David Angway

“Money can grow from a creative mind.”
― David Angway

“Any investment is risky as long as you’ve never done any research.”
― David Angway

“Mutual fund is great for investment portfolio”
― David Angway

“Killing time means losing an asset that you can never regain.”
― David Angway

“Once your investment account has touched a peak value, it's almost impossible to forget that number.”
― Coreen T. Sol, CFA

“According to technologist David Rosenthal, speculation on cryptocurrencies is the engine that drives Web3—that it can’t work without it. “[A] permissionless blockchain requires a cryptocurrency to function, and this cryptocurrency requires speculation to function,” he said in a talk at Stanford in early 2022.4 Basically, he’s describing a pyramid scheme: Blockchains need to give people something in exchange for volunteering computing power, and cryptocurrencies fill that role—but the system works only if other people are willing to buy them believing that they’ll be worth more in the future. Stephen Diehl, a technologist and vocal critic of Web3, floridly dismissed blockchain as “a one-trick pony whose only application is creating censorship-resistant crypto investment schemes, an invention whose negative externalities and capacity for harm vastly outweigh any possible uses.”
― Harvard Business Review, Web3: The Insights You Need from Harvard Business Review

“A portfolio can only be “seen” as the data representing the holdings in each account, which means that your monthly investment statement is not actually your portfolio of stocks and bonds. Instead, the investment
statement is more like the wrapper or costume between you and your money.”
― Christopher Manske, Outsmart the Money Magicians: Maximize Your Net Worth by Seeing Through the Most Powerful Illusions Performed by Wall Street and the IRS

“Inflation can kill the potential return on your investments, so saving will not be enough. Adding more income can help you thrive, not just survive.”
― David Angway