We all tend to believe the flashing headlines on our television screens, but when it comes to the market they’re almost always wrong. No one has the ability to time the market, not even journalists, but how do we avoid buying into the screaming propaganda? Today Kate Stalter shares how to avoid buying into our own biases, how to ignore the top headlines, and the most refutable sources for better investing. Tune into this episode of Better Money decisions if you want to learn how you can become a better investor.
Show Highlights:
News highlights that impact todays market Why you shouldn’t trade based on news The motive behind news channel headlines Avoiding buying into confirmation bias The worst thing you can do during a market downturn How mistakes can devastate retirement Why you shouldn’t use media as a tool for investing
Links:
“7 Behavioral Biases That May Hurt Your Investments” by Kate Stalter, US News & World Report
https://money.usnews.com/money/personal-finance/mutual-funds/articles/2015/05/26/7-behavioral-biases-that-may-hurt-your-investments
Our proprietary Financial Wellness For Life program
https://bettermoneydecisions.com/financial-wellness-for-life/
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BetterMoneyDecisions.com/webinar
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