Why is it so difficult to sell a losing investment, even when you know you probably should? In this episode, we unpack the psychological biases behind why investors struggle to cut their losses, and how they can keep investors holding on long after the facts have changed. More importantly, we discuss practical ways to overcome these mental traps, make more rational investment decisions, and avoid letting emotions dictate your portfolio. All this and more in our latest episode!
00:00 Intro
00:47 Loss aversion
02:02 Suck cost fallacy
06:36 Anchoring bias
11:41 Confirmation bias
16:19 Diversification & position sizing
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Here are a few more investing tips and tutorials to help you out:
💵 HOW TO INVEST IN DIVIDEND STOCKS
https://www.youtube.com/watch?v=AjpiAx3j8L0
🏢 HOW TO INVEST IN REITS
https://www.youtube.com/watch?v=qEzy7HFoEeA
🏖️ HOW TO GROW YOUR CPF FOR RETIREMENT
https://www.youtube.com/watch?v=bvZ3uH0FA0Q
📄 HOW TO READ A FINANCIAL REPORT
https://www.youtube.com/watch?v=m4WqlILejKs
📊 Get more investment insights, tips, and company analysis from our blog (100% free).
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