Finance & Fury Podcast

Behaviours that kill your investments: Do you suffer from these? Sitting wondering where the year has gone and that you are no wealthier for it? Or what has happened with your financial goals of building wealth? It’s time to sit down, take 20 minutes and think about if you may be suffering from one of the following behaviours! This episode is on four behaviours that will destroy your ability to grow wealthy through investing. 1) Myopic risk aversion   Myopic risk aversion is one of the greatest behaviour traps that people repeatedly fall into leading to investment losses. While it is a fancy title, it simply means the fear of loss in the short term which occurs regardless of intelligence or skill level.  Loss aversion is completely rations, however it’s the myopic or in other words the short-term part which is irrational. There is a saying in the share market that the Bulls take the stairs and the Bears take the window. A Bull market is when the market is going up (like a bull bucking its horns) while a Bear