1. Overconfidence
It may sound surprising, but many people feel far more confident than they should be when performing a range of different activities....If you have just started your investment journey, congratulations!
By allocating money to well-managed, high-quality stocks, you are on your way to enjoying a great long-term return as you compound your money.
There are other benefits to investing your money in stocks.
Many pay out a dividend when they report healthy profits and cash flows, thereby allowing you to enjoy a stream of passive income.
However, any activity which involves money will inevitably be an emotional one.
Investing is no different.
As you navigate the stock market, it is natural to feel a mixture of emotions as your hard-earned money is involved.
We highlight four important psychological red flags you need to be wary of if you want to become a successful investor.
