Investing is the best way to build your long-term wealth provided you make smart investment decisions and you take a long-term view. However, we’re often our own worst enemies when it comes to investment decision-making. Poor investment decision- making can be very costly. These decisions can be the result of our psychological biases.
It’s important to understand common investment decision-making mistakes and how you can avoid them. At the end of the day, good investment decision-making lowers your risk and improves your returns.