In this episode of The Free Retiree Show podcast, we delve into the behaviors that can undermine investment success and hinder wealth accumulation. Join us as we explore the psychological traps and pitfalls that many investors fall into, and learn how to avoid them.
What you'll learn in this episode:
- The importance of viewing investments as a long-term commitment and understanding that true wealth accumulation takes time and patience.
- How fear and greed can drive impulsive investment decisions and the detrimental effects of making choices based on emotions.
- The dangers of overconfidence, especially when considering stocks or ventures as sure things, and how it can lead to significant losses.
- The value of patience in investing and how impatience can lead to panic selling or prematurely abandoning long-term investment strategies.
- The importance of diversification in investment portfolios, debunking the misconception that it is unnecessary, and exploring different levels of diversification.
- The drawbacks of lacking an investment strategy or philosophy and the perils of blindly following stock tips or recommendations without proper analysis.
- The dangers of chasing the herd and displaying biases towards certain stocks, including the potential risks associated with following trends without proper analysis.
- The limitations and potential pitfalls of being a do-it-yourself investor, whether as a stock picker or a DIY enthusiast, and the importance of seeking professional guidance.
- Understanding the cognitive bias of loss aversion and its impact on investment decisions, including the psychological power of loss compared to gain.
Join us in this insightful episode of The Free Retiree Show as we uncover the behaviors that can sabotage investment success and provide valuable insights and strategies to help you become a more informed and successful investor.
#TheFreeRetiree #FinancialFreedom #Retirement #InterviewTips #RetirementStrategy
Gaining Clarity in Your Career Utilizing YouMap®️ w/Shelly Piedmont
The Four Key Attributes of High Achievers
Finding Your Fabulous at Work. How to Create More Joy w/Kyle Elliott
Overcoming Imposter Syndrome & Utilizing Metaphysics w/Jordanna Eyre
The Five Personality Traits of the World’s Most Wealthy Individuals
The Importance of Mastering Focus w/Robb Gilbear
The Art of Managing Up: Impressing Management & Workplace Advocates w/Sergio Patterson
Are We in a Buyer or Seller Real Estate Market? Should You Wait to Buy Real Estate?
Why Companies are Starting Hiring Freezes? Companies to Avoid and Purse in this Job Market
Strategies for Investing in an Inflationary Environment
Creating Career Success by Focusing on Social Impact w/OlaHawatmeh
Attaining Financial Freedom Through Real Estate with Maurice Philogene
S2 EP120: Creating a Brand that Boosts Visibility & Overcoming Limiting Beliefs with Ana Billian
How to Prepare for a Recession with Lee Michael Murphy
S2 EP118: Building a Personal Brand and How to Be Successful at Marketing with Melanie Borden
S2 EP117: How to Build and Scale a $400 Million Company with Mike Fata
S1 EP116: Great Side Hustles to Boost Your Income with Nick Loper
S1 EP115: Creating Unlimited Job Opportunities Through LinkedIn with Luke Matthews
S1 EP114: Economic Update - Investing in the Current Economic Environment with Lee Michael Murphy
S1 EP113: The Top 3 Traits That Lead to Success with Steve Werner
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast