Excellent weekend read about Behavioral Finance.👍
Although the doc is from an Advisor perspective, individual investors can gain a lot of practical information from it too.
cc: @dmuthuk @Gautam__Baid
static1.squarespace.com/static/5763da2…
Although the doc is from an Advisor perspective, individual investors can gain a lot of practical information from it too.
cc: @dmuthuk @Gautam__Baid
static1.squarespace.com/static/5763da2…
Good illustration of differences between Theory and Reality.
Stuff we have all been thru. 😂
Some good info on how to get better.💪
If you are extremely nerdy type. 🧠👇
Asking the right questions will lead to better answers.📑👇
Glossary and much more in this wonderful document.
We don't need to get too deep into this stuff but
✔️Reading some literature
✔️Learning the common mistakes
✔️Self-reflection on which mistakes/biases are hurting our Portfolio performance
✔️Taking small steps towards correcting them
will be rewarding over the long-term.
✔️Reading some literature
✔️Learning the common mistakes
✔️Self-reflection on which mistakes/biases are hurting our Portfolio performance
✔️Taking small steps towards correcting them
will be rewarding over the long-term.
If you're a LT investor (thru Indexing or individual stocks), Behavioral Finance is extremely important to help you with staying on track w/o jumping in/out of Mkts, accepting Volatility, thinking/acting independently & ultimately reaping the LT rewards of stock investing.
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