Behavioural biases are one of the most common occurrences in investment decision making, yet are one of the last things on an investor’s mind. If you have ever bought gold in a rush, or purchased a stock just because all your colleagues bought it, or sold prime land because your gut feeling said it was a bad investment, then you are a victim of behavioural biases.
Behavioural biases arise due to your emotions influencing your investment decisions. If not recognised and harnessed, they can present a real risk to your finances. Let us understand the different types of biases.
Read the full article published originally on Financial Express: Smart investing: Five behavioural biases that trip up investors
Consult our expert. Take help of our tools. Be part of our community. Discover best suited financial products with us.
Stay tuned to the world of finance