Avoid 4 Behavioural Finance Traits while investing
When it comes to investments, people tend to fall into a behavioural pattern while making investment decisions. This podcast of Mutually Yours focuses on four behavioural finance traits investors should avoid. These include:
When you’re investing, you will come across a lot of updates, suggestions through media, financial planner or the general public, which affects the behavioural pattern.
Herd mentality affects investment decision as many investors fear taking a contrary view.
Behavioural bias is also one of the behavioural finance traits that one should avoid. Based on interpretations, our mind creates technical impressions. Hence, we end up reacting in a certain way.
It is best to avoid exposing yourself to constant market information and updates in order to eliminate knee-jerk reactions.
Let’s hear from the financial expert to know more about behavioural financial traits in this interesting podcast.