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Leroy Ross
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Leroy Ross   My Press Releases

Are Your Investments Suffering From Behavioral Finance Biases?

Published on 5/20/2016
For additional information  Click Here

 

Are Your Investments Suffering From

Behavioral Finance Biases?

 

The first step to overcoming any challenge is to realize that you’re struggling in the first place. Behavioral finance biases can require extra attention in order to discover them.

 

Any bias tends to be very well hidden, and recognizing the signs is one of the key ways to realize what’s really going on.

 

Watch for these signs of bias the next time you’re making a critical investment decision:

You’re basing decisions on irrelevant or inaccurate facts.

• Is the information you’re using really important to the decision being made?

• A good clue is the fact that there’s some premise regarding your investment that nearly everyone blindly accepts.

 

You believe your investing skills are better than most, yet your stats don't show it.

• Nearly every investor thinks that they’re better than average, which isn’t possible.

• Investigate and check your statistics. Look at the market return vs. your own return over the last few years. Include all of your investments.

• How did you fare? A good investor will beat the market by a few percent or more.

You have a separate investing account for your riskier investments.

• Do you mentally separate your risky investments, thinking that will keep them from negatively affecting the return of your ‘real’ investments?

 

You’re likely to jump on the bandwagon for trendy investments.

• All investments require appropriate due diligence and research if you want to expect profitable results.

Your investment results are less than the average market return.

• Over time, good investors beat the market.

• If you’re not profiting, you probably have at least one behavioral finance bias that’s holding you back.

 

Regularly check yourself for bias. These signs are probably the best way to determine if your thought process is being challenged by faulty thinking. Eliminating biases will greatly increase the positive results of your investments.

 

Leroy Ross

 

 

 

 

 

 

 

 

 

 

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