Short YouTube transcript excerpt in which Craig Wear, CFP® advises viewers to manage emotions in investing, avoid taking excessive risk after strong market gains, and focus on locking in progress to protect long-term wealth. The clip emphasizes avoiding chasing returns and unnecessary risk during good market years.
Are emotions guiding your decisions? Are you chasing returns? Are you taking more risk than you normally would because things have been really good? So, look, big market years don't happen every year, right? You know that. You've been around the block plenty. But protecting your wealth means locking in some of the progress and avoiding those unnecessary risks and focusing on what really works over the long term.
