Invest
3 lies investors love to tell themselves
By Dr Wealth  •  January 18, 2021
There are always a lot of misconceptions about investing and I believe the reason is because our brains were not wired to do investing properly. Well, our ancestors survived by running away from tigers and living cooperatively in a group, and not to analyse an investment logically. We are full of biases – overconfidence, availability, anchoring, mental accounting, loss aversion and more. Read here and here. Sometimes it is hard to know if we are falling into biases or disadvantageous thinking when we think about our investments. So I would like to highlight 3 common things said by investors and explain why I think they are problematic. “I don’t want to invest now because the market is too high. I will buy when it crashes.”...
Read the full article
By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance