Money Brain: 5 lies investors tell themselves when stocks are surging

With U.S. stocks in record territory, investors need to take their emotional temperature. Emotions can be your worst enemy when it comes to money and stocks, especially during big, rapid market moves that can warp your thinking in unforgiving ways — like these:

1. Forgetting that purchase price matters

Since the presidential election, the Dow Jones Industrial Average DJIA, +0.20% the S&P 500 SPX, -0.11% the Nasdaq COMP, -0.59% and other major U.S. stock indexes have posted big gains. Understandably, you may be wanting to throw money at stocks right now.

Not so fast.

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