13 decision making mistakes that investors make…and how to avoid them
Investing is the best way to build your long-term wealth provided you make smart investment decisions and you take a long-term view. However, we’re often our own worst enemies when it comes to investment decision-making. Poor investment decision- making can be very costly. These decisions can be the result of our psychological biases.
It’s important to understand common investment decision-making mistakes and how you can avoid them. At the end of the day, good investment decision-making lowers your risk and improves your returns.
In this eBook you will discover:
- Not getting as much relevant information as possible
- Focusing on avoiding losses rather than making gains
- Not taking enough risk
- Investing based on the past, not the future
- Oversimplifying things
- Jumping on the bandwagon
- Waiting too long to start