Developing your best instincts as an investor can be a long journey, leaving us prey to behavioural biases, knee-jerk reactions and other “sins” along the way that may cost dearly in terms of returns.
Behavioural biases, Biden and Brexit are dominating our conversations with users this month as both investment risks and opportunities are carefully weighed up.
Emotions are an important part of the wealth equation and how we let them affect our investment and financial planning decisions dictates our success to a significant degree. The key is aligning our “gut feelings” with real wealth management wisdom.
Investing is far from being just a numbers game, and in fact it is investors’ emotions that are very often their undoing in panic-stricken times, as this behavioural finance expert explains.
Money can be a huge cause of tension for couples, but a lot of trouble can be avoided by understanding the emotional roots of our attitudes and having frank discussions facilitated by a third party.