
Mistake #4: Understanding Investology
Most of us learn from experience the things we can do without help and those that require more expert assistance.
Most of us learn from experience the things we can do without help and those that require more expert assistance.
There has been substantial research over the past couple decades within the area of behavioral finance.
The rate of inflation is a “silent killer” for many investors because most people only pay attention to pre-inflation rates of return.
Day-to-day or week-to-week price fluctuations are not the same as permanent loss of investment capital.
Many investors underestimate the role of emotions in their decisions. While it is impossible to totally separate emotions from investment choices, understanding your emotional makeup is a good first step.
Attempting to out-smart the markets is a common, yet dangerous, practice.
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