As we rapidly approach November, one topic seems to suck up all of the oxygen in terms of current events—and it’s not Thanksgiving. No one knows what will happen after the election, but given the razor-thin margins and the heated political climate in America, turbulence is likely. To succeed in investing long-term, focus on buying solid companies that meet Rule #1 criteria and are “on sale.”Many people struggle with this due to stress, market fluctuations, or other distractions. Managing your emotions is key to making rational investment decisions, which depends on how well you take care of yourself. Stress and fear lead to poor choices, so practice staying mindful, whether through meditation, exercise, or reading, to keep a clear head and avoid emotional decisions.On this Vault episode pulled from the last presidential election cycle in the US, Phil and Danielle discuss the negative effects of stress on one’s investing practice and how mitigating that stress can improve your well-being in addition to your portfolio.For more help with avoiding costly investing mistakes, click here to get a free copy of 10 Do’s and Don’ts of Successful Investing: https://bit.ly/3XyEDbDTopics Discussed:<ul>
<li>COVID-19</li>
<li>Li Liu</li>
<li>Self-improvement and self-discovery</li>
<li>Ralph Lauren</li>
<li>Tesla</li>
<li><a href="https://en.wikipedia.org/wiki/Circle_of_competence">Circle of competence</a></li>
<li>Dealing with stress</li>
<li>Transcendental meditation </li>
</ul>Resources Discussed:<ul>
<li><a href="https://www.goodreads.com/book/show/175078.The_Seven_Storey_Mountain">The Seven Storey Mountain</a></li>
<li><a href="https://www.imdb.com/title/tt0126916/">For Love of the Game</a></li>
<li><a href="https://www.youtube.com/watch?v=LWx6csgGkg4">Turtles All the Way Down</a></li>
</ul> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

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485- FROM THE VAULT: Managing Stress in Turbulent Times

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