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
S1 EP32: Turning Underdogs Into Winners w/ CEO & Founder of Wonsulting, Jonathan Javier
S1 EP31: Investing After COVID-19...What You Need to Consider
S1 EP30: Author of Invaluable: Master the 10 Skills You Need to Skyrocket Your Career with Maya Grossman
S1 EP29: Clarity Coach Helping You Find Joy in Your Life and Career with Zee Najarian
S1 EP28: The Five P’s for Finding Your Perfect Job with Jose’ Benitez Cong
S1 EP27: Dealing with Rejection! What to do when You don't Land that Dream Job
S1 EP26: Attorney Michael Waddington on using Sun Tzu’s Art of War in Your Life & the Importance of Gratitude
S1 EP25: Avoiding the Potential Legal Problems Associated with COVID -19
S1 EP24: Women Achieving Success in Corporate America. How to Become a Great Leader With Google Director Alana Karen
S1 EP23: 8 Essential Tips to Retire Successfully
S1 EP22: How COVID-19 has Impacted Real Estate. The Commercial Real Estate Outlook.
S1 EP21: Land Your Dream Job! How do You Set Yourself Apart from the Other Highly Qualified Candidates ?
S1 EP20: Credit Scores !?!? How do Financial Institutions Calculate Your Credit Score? Learn how to Improve Your Credit Score.
S1 EP19: AI Technologist and Behavioral Economist Emmanuel Matthews on the Power of Mentors. How We Create Equity in Corporate America.
S1 EP18: Essential Tips for Buying Life Insurance
S1 EP17: Tips to Stand Out in a Competitive Job Environment
S1 EP16: The Free Retiree Crew Talk Racism & The Legal Issues Surrounding George Floyd’s Death
S1 EP15: The Power of Self-Determination With Amazon Best Selling Author Dr. Candice Weaver
S1 EP14: June Economic Update - Comparing COVID-19 to The Great Recession
S1 EP13: Biggest Mistakes Investors Make During a Bear Market
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