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The Money Mustache Community
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Learning, Sharing, and Teaching
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Investor Alley
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choosing the right peer group
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Topic: choosing the right peer group (Read 1842 times)
frugalecon
Pencil Stache
Posts: 730
choosing the right peer group
«
on:
September 08, 2014, 03:41:50 PM »
There was a column in the WSJ recently about how investors are influenced by the people around them (
http://blogs.wsj.com/moneybeat/2014/09/05/the-badness-of-crowds-pick-your-peers-wisely/
), and it made me think about how one of the positive things about this particular community could be the opportunity to have a peer group that reinforces sensible investing decisions.
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clarkfan1979
Magnum Stache
Posts: 3352
Age: 44
Location: Pueblo West, CO
Re: choosing the right peer group
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Reply #1 on:
September 14, 2014, 09:35:29 PM »
Choose a peer group that is comfortable with going against the grain. If you go with the crowd, the price will be inflated due to demand.
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choosing the right peer group