Intuition can guide investments, says expert
People can call on their intuition to help make good investment decisions, an expert has claimed.
Organisational psychologist Ben Palmer of human resources consultancy Genos International argued that people who take time to reflect on how they feel about something can utilise intuition to "drive good decision making".
Speaking to the Sydney Morning Herald, he noted that while too much emotion can misguide people, the decision making process is improved when people consider the value of their feelings alongside hard information.
"It is all about using an intelligent combination of the facts and logic of the information together with what your 'gut feel' and emotions are telling you," said Mr Palmer.
"It's being emotionally intelligent about how you make investments."
Aussies wishing to make the best choices for their money could choose to compare term deposits before weighing up their options. This week, Wealth For Life Financial Planning principal Rex Whitford told News Limited that shares in Australian banks are currently providing a healthy income boost thanks to their tax-friendly nature.
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