3 Cognitive biases investors should be aware of
Investor decisions can be influenced by several biases, especially in downturns and speculative markets. It may sound a bit of an exaggeration, but when it comes to investment decisions, it’s generally a good tactic to be as unemotional as possible. All too often, investors catch themselves being swayed by short-term representations in the media or […]
Tips for better financial planning
Keep the following tips in mind for effective financial planning: Determine cash flow For efficient financial planning, you need to know where your money is going each month. Keeping track of your expenses and making notes can help. Reviewing your account balance and credit cards is one way to determine your spending history. This can […]
How can financial planning be done successfully?
Financial planning is something that everyone should learn to have a better future. It generally includes the following steps of financial planning: Set a goal Ask yourself what kind of future you are aiming for or what your immediate or long-term financial goals are for effective financial planning. Many people start saving or investing without […]
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