FUND MANAGER EXPLAINS: The Top 8 WORST Investing Mistakes
To become better investors we need to learn from our mistakes. The first step is to understand why we make these mistakes, so we can create strategies to prevent them. In this video, we'll discuss the 8 most common investing mistakes and how we can avoid them.
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00:00 Introduction
00:21 Mistake #1: Information bias
02:25 Mistake #2: Loss aversion
04:34 Mistake #3: Sunk-cost fallacy
05:52 Mistake #4: Bandwagon effect (herd mentality)
07:09 Mistake #5: Oversimplification bias
08:30 Mistake #6: Confirmation bias
09:45 Mistake #7: Hindsight bias
10:33 Mistake #8: Restraint bias
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DISCLAIMER: Control Your Wealth, including but not limited to any guests appearing in his videos, are not financial/investment advisors, brokers, or dealers. They are solely sharing their personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing so always conduct your own due diligence.