Family Is Into Saving, Investing, And Trading

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Learning to save is really a must especially for the working-age group. We work to earn money so we can spend and buy whatever we want and whatever we need. But how about during “rainy days”? Do we consider it in the future or just think about the sunny or better days? Of course, we will always be thankful for better days most especially those “paydays” in which we can already grasp our most awaited salary during that period.

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How To Improve Communication Between Healthcare Professionals And Patients

 

 

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The 2019 health care event was a gathering of intelligent professionals who shared a love for making healthcare communication better. Clinicians, researchers, and educators were present in one of the most awaited events of the year. There were discussions and presentations about strategies and tools that help improve communication among the health sectors and healthcare professionals. Most, if not all, attendees agreed that the programs were outstanding and very enriching even for the medical professionals that were there to share their knowledge and experience.

Below is a portion of what was discussed during the healthcare event on the strategies that patients and healthcare professionals can use to improve communication.

Constructive Communication

Constructive communication between healthcare professionals and patients is vital for the success of any healthcare sector. The Managed Healthcare Executive reports that over 80% of healthcare professionals agree that improving communication between these two parties is key to enhancing patient care quality. If there is no effective communication from healthcare professionals, the workplace environment loses positivity, and patient care quality is decreased. Finding ways to improve communication among everyone concerned will improve the environment for both the patients and the entire healthcare team.

Source: kivihealth.com

Here are some strategies to try to help improve communication in your healthcare sector.

  • Integrate constructive communication in your sector’s obligatory training program. It is difficult to expect the staff to talk with the patients effectively if they were not trained on how to do just that. So when it’s time obligatory training sessions, teach them how to ask questions that would give clarity to the given situation. Assess the patients’ emotions and opinions and encourage them to talk while you listen, not always the other way around. Successful communication involves both parties to talk, listen, and discuss better solutions.
  • Remember to instill communication into your sector’s culture. Sooner than later, you will learn that it is not just enough to tell your staff about the essence of communication. You will have to show them how to communicate effectively. When heads of an organization or sector practice what they preach and show their team the appropriate way to communicate with their patients, they will be moved and engaged to follow it. Employee feedback and assessment is one way of also seeing if your team has been dealing with their patients with respect and empathy. These values are needed to achieve successful communication. Those with high scores in their evaluations should be rewarded.
  • Have regular employee meetings. Professional development is vital for excellent communication skills. Schedule monthly meetings with your employees, so the whole team is updated on how the sector is going so far in terms of performance and productivity. This is an appropriate time to discuss the surveys and evaluations from patients, including the aspects that are strong and weak in your department. This is also a chance for your staff to voice out their opinions and insights regarding workplace environment and real-world situations that you might not have thought about.

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  • Perform patient satisfaction surveys. Getting feedback from patients allows you to learn about how patient experience can be further enhanced. These surveys help identify the reasons for disagreements, questions, or complaints. In addition, patients giving feedback can shed light on whether or not your staff is doing what they’re supposed to on the ‘floor.’
  • Take advantage of technology when necessary. Healthcare units are now obliged to log in patient information into a digital system. Team leaders and their staff must be knowledgeable in utilizing these systems appropriately so that pertinent patient data is accurate, accessible, and made confidential.

Successful communication begins at the bottom up and is supported by professionals who must lead by example. By strengthening a foundation of sensible and effective communication at all levels, your healthcare sector will ultimately be able to provide quality patient care.

 

 

 

The Role Of The Stock Market In An Industry’s Progress

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At the 2019 Stock Market Event, the stock market report for the same year was thoroughly discussed. It was primarily emphasized how much the US stocks had bounced back from its tremendous fall in 2018. Bonds, oil, gold, and other stocks have generally increased in 2019, and one of the biggest leaders in this area are the communication and technology sectors. The biggest loser for 2019 remained to be Energy, although it somehow improved at the end of the year. Investors and stock market experts foresaw that 2020 would have better opportunities, as long as the risks are managed.

The stock market world is not an easy one to comprehend. The whole process looks complicated, although it is not impossible to learn. Here, we will give you a better perspective on the role of the stock market in one’s industry and how it is connected to other markets.

The Role of the Stock Market

The stock market plays an important role in an industry’s growth and improvement. It is the main source for any enterprise or institution to come up with funds for business development. Through exchanges in the stock market, these enterprises or companies can acquire funds and shares for business reasons. The other role of the stock market is to offer a system for liquidity for sellers and buyers of certain stocks that are recorded in the stock market. Buying and selling of stocks by investors happen here.

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Other general statements about the stock market include:

  • The stock market is the primary trading ground for selling and buying capital. Your ups and downs of stock prices depend on your company’s operational efficiency. Typically, stock prices are fluctuating, as this reflects the economic movement of the industry.
  • It is a special financial center.
  • Because the stock market is a market for commodities and is affected by one’s profit and business-benefit ratio, these stocks are also influenced by supply and demand ratio.
  • The fluctuating trend of the market prices are influenced by supply-demand relations and by the operating stocks of security companies, so every country must manage commodity and stock transactions of capital rigorously.
  • When there are stocks from private companies coming into the market, this means progress.
  • There is also growth in state-owned enterprises when they are on the list of the capital stock market.

How The Stock Market Works

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Although the stock market is the main mechanism for assessing and providing economic resources for the communities, it is not like the governments, corporations, or military organizations where there are hierarchies or official leaderships assigned to them. There is no one assigned to set the prices or determine the owners of securities in the investment sector. Investors often compare stock markets to a throng of bees and colonies of ants. Ants, according to them, aren’t great architects. They aren’t smart. But ant colonies are. As a group, they can find ways to look for food. There is no leader assigned, but a large colony of ants can survive, reproducing, fighting, and even capturing other species.

Stock markets work quite similarly. As a trader, each individual with a small set of pertinent information gives his offers and bids, although most of them do not disclose the reason why they offered that amount. The market collectively assigns the prices and assigns resources throughout the economy. This process is done without anyone following leading or even comprehending why the stock market behaves the way it does.

One of the mysteries in the stock market, however, is how slow it is going in international finance. Investors believe that there seems to be a home bias, which is visible in the sluggishness that the stocks are moving internationally. Stock trading in most enterprises is usually focused on the country in which the enterprise is based.

Investing

Investing in stocks is a process that needs strategy, although some of the most successful investors did not follow the basics all the time. This means using your money for the majority of your portfolio. A famous investor said that an S&P 500 index fund is a great investment that most American investors can do. Choosing to buy individual stocks is an option only if you are certain of the company’s capacity for long-term progress. On the other hand, if you want to invest in individual stocks, you must learn to research stocks that are worth investing in. If you prefer to just stick with investing in funds, your goal then is to create a concise portfolio that is low-cost and broad-based.

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A tip from the very careful investor is that if you are enticed to try a brokerage account but not sure which one to choose, you must check the list of best brokers for stock investment on the web, or talk to your family and friends who have been investing themselves. Check out online brokerages and the factors that are important to investors – investment selection, fees, and minimum cost to open and invest.

How To Handle Stock Market Losses (Tips From A Psychologist)

 

One of the worst or saddest things that can happen in your life as a stock trader is to experience a significant loss in your stock market investments. It can be frustrating to realize that all your efforts have gone to waste because you still ended up losing some bucks. According to a psychologist, the feeling of dismay and disappointment is only typical for someone who has experienced such an unfortunate event. As such, it is okay to give yourself some time to mourn about what happened. However, you must not succumb to frustrations for a long time. The best way to handle or deal with the situation is to stand up once again and continue the fight.

 

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In this article, we are going to share some of the things that you need to do if you want to become better at handling stock market losses. Below are the things to remember:

 

Let It Sink In

 

It can be challenging on your part to accept what has recently happened in your investments. For sure, it will take you a lot of time to realize that all your money has been watered because of an error you made in the past or due to some circumstances that are beyond your control. Hence, it is suggested to let the said occurrence properly sink in before you do anything. If you are still lost about what happened, then do not force yourself to feel okay right away. Sometimes, you need some time alone to comprehend what took place entirely.

 

Know Your Mistakes

 

Now that you have already accepted the fact that you have stock market losses, the next step is to determine where you committed errors or mistakes in judgment. Did you place your money in a losing corporation? Did you sell your stocks early? Did you engage in insider trading or fraudulent activities? The answers to these common questions will help you to see where you went wrong so that you can be aware of what to avoid in the future. Be honest with yourself about your mistakes because it is the only way to forgive yourself for what happened. “Self-compassion is being gentle with yourself, not beating yourself up over your past decisions, and accepting that you are human and make mistakes.” A reminder from therapist Kimberly Hershenson, LMSW.

 

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Talk To A Financial Advisor

 

At this point, you may want to consider discussing your problems with a financial advisor. However, before you contact one, it is crucial on your part to accept the realities that there are many things about finance that you are not aware of. In so doing, you can prepare yourself for your meeting with the advisor. It can also help in reminding yourself about humility so that you can have a more open mind in listening to the advice of a professional or expert. Make sure that you continue to let the said person guide you on what to do next after experiencing a significant loss in money. “When it comes to your money, you always have the power to make a difference, so recognize that choices exist for you to improve any financial problem.” Bahareh Talei, Psy.D. said.

 

Find A Lawyer

 

If your loss in the stock market is big enough that it already involves some legality, the best and ideal thing to do is to get in touch with a lawyer. Make sure to do it as soon as possible so that you avail of the proper remedies provided under the law. Remember that the lawyer is the best individual who can help you get out of any legal mess that you may have gotten yourself into because of stock market trading. Do not rush the process of searching a legal counsel to represent you in all negotiations or even civil cases, depending on what happens after experiencing a financial loss.

 

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Get Back Up Again

 

As already emphasized above, you have nowhere to go but up when it comes to surviving such loss. Keep in mind that just because you suffered a financial problem does not mean that it is the end of the world. You can try again and start making better decisions for all your investments. On the other hand, if you feel that you have lost your interest or passion for trading, do not hesitate to give it up. Instead, invest your time and effort into trying something new. For example, you can start your own business again, which you can use as a source of income.

 

Conclusion

 

“A stressful change in life patterns can trigger a depressive episode. Such stressful events may include a serious loss, a difficult relationship, trauma, or financial problems.”  That is according to Ben Martin, Psy.D. Experiencing a significant and serious loss in the stock market industry can be a challenging situation to handle. What is essential is to remind yourself that nothing is impossible constantly. Remember that what you are going through is only a temporary phase in your life as a stock trader. Never give up easily just because things have been difficult.

 

Overcoming Anxiety Of Investing (A Therapist’s Guide)

Any anxiety is a therapist’s concern. They have to help out people in handling their fear towards something that potentially damages their overall function in a day to day basis. In this article, the discussion is about the anxiety of investing in stocks. The topic may seem a little bit limited, but there is an assurance that a lot of people will learn something from this.

In a recent survey, only one out of ten people are investing in the stock market. A considerable percentage of the total population finds investing intimidating and scary. There is this mentality that putting a small or large amount of money in the air will only result in an instant failure. There are too many frustrations and expectations that control both the emotional and mental state of the investors. So with this, a four easy step gets presented to smash the fear of investing into stocks. People should stop preventing their money from working for them and pay close attention to these helpful guides.

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Gain Financial Literacy And Learn The Whole Process

When it comes to financial investment, people need to learn. There is a need for putting facts behind fears to be able to eliminate the adverse effects of the anxiety of investing. Financial literacy is so essential because it allows individuals to gain a great understanding of monetary stability, function, and risk. With that, they become open to resolutions and consequences. But, they should bear in mind not to feel overwhelmed with too much financial education. There are tons of things individuals need to learn, but they do not often necessarily need to use it all. A few keys are enough to help investors move along and get the money going. Investing is a cycle. Therefore there is an expectation that it will either go up or down. Once people feel comfortable in its process, there is an assurance of achieving consistent results.

Face The Fear By Trying It

One way to understand the financial risk and situation of investing is through trying it. “Although any stress can take a toll on your health, stress related to financial issues can be especially toxic.” Elizabeth Scott, MS, a wellness coach said. No one can show results not unless they experience the ups and downs of the process. By engaging in the stock market, investors can search stocks and figure out which one they could buy. Trying it means the process will start in a shallow end. Yes, there is no assurance of success and no certain expectations either. But what is good about trying to invest in the idea of not getting into the deep end. Because when investors are starting to learn to invest, they can choose small. They can keep things organized, manageable, and straightforward. And if things work out, they can choose to trust it without the fear of losing everything.

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Continue To Learn From The Experience

Engaging in the stock market is a lengthy process. It does not end in an instant once people invested their hard earned money into it. Everything about it is an ongoing decision-making stage where investors learn from the things they do and don’t do. There is the involvement of emotional and mental strength, which somehow becomes the foundation of critical response. Yes, it is understandable that a lot of people hate to see their money going down. That is if it is something they worked hard on and valued so much. People can’t stand financial failure. It causes them to have sleepless nights, anxiety, and even depression. But picture anxiety as what Melissa Berschauer LMFT sees it for, “Anxiety is unavoidable and designed for our survival and protection.” So for those people who can’t seem to grab on with the negative results of the stock market, maybe it would be best to appreciate the effort. They can still try mutual funds and bonds. Though it may give a meager return, at least it will be enough to keep up with the inflation of the stock market.

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Create An Evaluation

So after using what people learned from investing, it is now time for the evaluation. Investors should check how they feel about losing or gaining money. As long as they understand how they think about their money going up and down, they can come up to a plan. There is the setting aside of an amount they want to keep for a long time, putting some to short-term return investment, and deciding how much money they want to save as cash.

“Never believe that a financial challenge is a sign of personal failure or weakness. Whatever your situation, remind yourself that it’s nothing that millions of other people haven’t struggled with.” Bahareh Talei, Psy.D. said. There are instances that the stock market gives a negative return about one in four years. Its process does not support monetary consistencies too. But its cycle, when things go your way, will provide you with tons of benefits in the long run.

All About The Stock Market

You presumably know someone in your family or a friend who dwells in the stock market. And perhaps they have a more complicated point of view about the thing. That’s because there is tons of news around it that doesn’t entirely give others an interest. There are those people too that think that it is a place where money gets subjected to losing because it represents a very daunting environment. However, a lot of individuals are still into it. Some of them are still fond of investing in what seems like “nothing.”

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The first thing that comes to your mind when talking about investment is the complicated world of the stock market. It is easy to get disconcerted with so many numbers and charts. It complicates the situation when there’s a bombardment of the information you know nothing about. So before you have trouble understanding it, let’s break it down so we can make a sense out of it.

What Is There In The Stock Market World?

The stock market in all countries has its indices. With all of these, it creates a globally networked marketplace. There are vast sums of money that moves in it back and forth. It contains over billions of money traded more than the value of all the goods and services of the whole global economy. The weird part of the stock market is about the winning and losing of money. There is not much physical that is happening in it, and it is significantly similar to any market. Hence, it is anything where goods are being bought and sold.

In the stock market, the goods are called securities. It is a fancy name for financial assets or things that people can make money with. When people are buying stocks, they are buying a small percentage of what they believe is the form of shares in as assets. It stands as a share in the company. The value of shares from a company’s asset is essential. Let’s say you already built a business and you need more money to expand it. That’s where you break down your company and sell parts of it to investors. Note that you have to keep the majority of the shares so you can stay in charge. With that process, the stock market comes in.

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How Does Stock Market Works?

The shares from investors allow the company to raise money to expand and invest in the business. But trading of stocks is quite a game of chance. That’s because no individuals can tell whether a company will perform better than the others after a couple of years. If a business has a good reputation, investors will be more than willing to back it up. But a company with a poor reputation will endure the difficulty of selling its shares to investors even if it’s at a meager price.

The thing about the stock market is it instantly changes share prices within seconds. There’s a need for an immediate response so that you won’t have to miss an opportunity. You have to understand the root of the exchange. Theoretically speaking, you become a company owner when you buy a stock. Therefore, you also have the right to the profit and to how much it grows. But then you are not exempted on losing a lot when it falls.

The first things that need consideration when you buy yourself a stock is the setting of the price or amount you are willing to give out for things you don’t know entirely. Perhaps to calculate the risk you are ready to take as well as the growth you are about to achieve. But that’s not certain though. That’s because unlike an ordinary market place, people can touch and take home goods. But on the stock exchange, there are only available virtual goods to have.

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The Consequences Of The Stock Market

People should have to understand that even a small rumor can cause a fast fall in a company. That will be regardless of its value to the entire industrial world. But the opposite is also possible. If people consider buying shares that are weak because of the assumption of gaining potentials in the future, the value rises. Usually, young companies benefit from this idea. That even though the younger company’s sales are falling, the generation of cash becomes possible through the placement of investments. In the best case scenario, the expenditure on a falling company becomes a reality and results in a new blooming array of business benefits. However, it can also lead to a speculative bubble that can pop up and get lost in a split second.

Again, the stock market is precisely a game of chance. So before you try and put your faith in a company, might as well study how investing to it can benefit you in the end.

Mental Health 101: Comforting Words To Tell Yourself When Stocks Dip

The pull of the stock market to people can sometimes be so strong that they spend hours monitoring it. Some cannot pay attention to their job, primarily when the marketplace is about to close for the day. Others put all their faith of stocks, to the point that they even resign and make trading a full-time thing.

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What Makes Stock Investment Attractive To People

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Riding a crowded public train every morning tends to allow you to listen in on other people’s conversations even if that’s never your intention. The oldies talk about their kids and grandkids, for instance. The young students speak of how stressed they are with academic stuff. Nevertheless, here and there, you will also hear millennials showing interest in the stock market.

One person typically asks a friend, “Have you ever considered buying stocks? I know another colleague who got his shares at a multinational company already.” In case the other individual does not have his or her stocks yet, the two may go back and forth on who should purchase stocks first.

While there’s no chance of knowing if these folks did invest in the market or not, little chats like this one show that more and more people are getting attracted to stock trading. It is not an old man’s hobby anymore. Even boys and girls who have not been in the workforce for long start to see how valuable it is to buy stocks. The question that others usually throw, nonetheless, is, “What makes stock investment alluring to individuals of all ages?”

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  1. You Don’t Need To Be A Degree Holder

One of the main things that draw people towards the stock market is the inclusivity that it presents to the world. Anyone who has enough capital can obtain shares from various companies. You can be a CEO or a busboy – your position at the workplace won’t matter when you start purchasing stocks. It is not even important to have a degree in Business or Finance since you can take a crash course on stock trading online.

  1. You Can Work The Market Anywhere

The stock market is also suitable for millennials or older people because it jives with the on-the-go lifestyle of such people. When you want to go to a tropical island with family or friends for a week, you can do that without worrying about leaving your stocks behind. In case there is a business trip your boss wants you to attend, you can agree to it freely. As long as you have internet on your destination, checking the stock market won’t ever be a problem.

  1. You Don’t Have To Watch It 24/7

Another thing that makes stock investment attractive to many people is that only a few factors can affect its rise and fall, and none of them can get blamed to the owner of the stocks. Hence, after buying some shares, you may look at the line graphs once or twice every day before you deal with other stuff in your life. If you are quite busy, you can ask for help from a broker to manage the stocks on your behalf. However, the market can never get in the way of your career and personal life.

  1. You Can Make Money Work For You

Last but not the least, doesn’t it feel amazing to see money getting transferred to your bank account regularly even if you are not doing any physical or mental work? What will be doing all the job for you is the money that you invested in stocks. You can allow your shares to mature, for instance, and gain profits from it as their value continues to increase. Alternatively, you may choose to sell the stocks once their worth goes down or when you are ready to venture into other commodities.

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The stock market is an exciting world that anyone with funds can enter. You can earn money without lifting a finger. You don’t need to attend board meetings at a company but still receive profits from its sales.

Now, when will you start investing in stocks?

Ways To Eliminate Stress Caused By Stock Market

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Many people have started dabbling in the stock market due to the prospect of earning thousands of dollars by investing in various companies. Everyone wants to be able to resign from his or her day job and stick to his or her hobbies without worrying about money. The more the line in the stock charts rise, the more they get closer to attaining financial freedom.

The issue, however, is that this market is not as predictable as the flow of water in the rivers and streams. It is fluid enough to move – that is correct – but both ends are open. That means that the value of your stocks can increase or decrease at any time, thus giving anyone concerned about their money too much stress.

If you want to eliminate the internal tension caused by the ever-changing stock market, you should try the following.

  1. Do Your Research

Elizabeth Scott, MS, a wellness coach used to say, “Learning to cope with financial stress and effectively manage your financial situation can help you feel more in control of your life, reduce your stress, and build a more secure future.”  A typical decision of folks who want to play safe when trading is to hire a broker and let him or her find companies they can buy shares from. It usually is not wrong, primarily if you know the agent yourself and you believe that he or she is excellent at this job.

Despite that, plenty of things can happen once you market stocks. You cannot allow any broker to put your hard-earned money on a company that you have never heard off until he or she told you about it. For your future’s sake, you should spend time doing research on the businesses’ stock history to figure out whether you still want to invest or not.

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  1. Avoid Following The Trend

When you are into stock trading, you may often catch the term “hot commodity.” It practically refers to the products that are in demand at the moment. Buying stocks from industries that produce them can be profitable for you now. The question is, “For how long?”

“Stress affects every aspect of our lives, especially when it’s overwhelming. It can inhibit sleep and natural healing; cause stomach issues, headaches, and weight gain; increase pain levels; and even lead to heart disease.”  Sonja Seglin, LCPC said. So to get rid of stress, you should only think of investing in commodities that people would need forever, e.g., oil, metals, agriculture, and the likes. These are products that the whole world requires a steady supply of, so the downs you might experience while trading them may be minimal compared to others.

  1. Have A Plan

Another reason why you need to research before buying and selling stocks is to make sure that you can come up with a sound investment plan. The thing is, when the value of the current stocks becomes low, you may want to trade it as soon as possible, thinking that you will incur more losses by keeping such shares. If you invest for the first time, your sights may only be on the multinational companies.

You cannot react without giving the matter much thought because you might sell something that will be profitable in the future. Likewise, buying without thinking can mean wasting the funds that you should have invested somewhere else.

  1. Don’t Obsess Over The Streamers

Lastly, in case you find the movement of the stocks too much to handle, you should stay away from the device where you do live streaming. Stressing over the changes you see in the graph cannot alter the fact that the line will rise and fall even if you aren’t looking at it. So to keep your sanity, you need to stop obsessing over the stock market.

“Everyone handles positive and negative stress differently. And yes, for some, positive stress can lead to a negative response to stress, depending on the situation.” As Jessica Harris, LCPC, LPC  explains. A healthy move is only to check the situation once a day. Do not bookmark a page or download an app that allows you to view the trading scene 24/7. Seek new hobbies and attend to your businesses too. Anything that will get your mind off stocks will do you right.

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Hopefully, these tips can help you eliminate stress caused by the stock market. Cheers!