In this episode, we ar joined by Carl from Research First to discuss the 6 money-lies that investors tell themselves when making decisions these include:
- Following the herd – we tend to do what other people are doing. Which may not be the best decision
- We hate losing more than we love winning – so we tend to stick with what we know
- We overvalue what we already have – which may mean you're reluctant to sell when you really should
- We're poor at thinking about how we could be wrong – so we tend to stick with decisions even when they're wrong
- We prefer the easy road – we tend to jump the gun rather than slow down to do things properly
- We believe things will turn out well regardless of what happens.
We also mention our upcoming property investment webinar, which is happening on Tuesday 14th December at 7pm. We'll discuss our predictions and forecasts for property investment in 2022. Click the link to register.