Podcast: The risks of emotional investing with Ted Richards
When it comes to investing, don't let your emotions get the best of you.
Investing in the share market can be a roller-coaster of emotions, especially for new investors. Decision making can be impacted by outside noise of all kinds. In this episode, we break down the importance of discipline, and the many biases affecting our brains when it comes to investing and life in general.
Ted shares with us five emotions to watch out for, including loss aversion, recency bias and of course the infamous FOMO… the fear of missing out.
Mentioned in this episode
- Finder's comprehensive guide to share trading in Australia
- Take Six Park's risk assessment
- Listen to Ted's podcast, The Richards Report
The Finder Pocket Money podcast is intended to provide you with tips, tools and strategies that will help you make better decisions. Although we're licensed and authorised, we (and our guests) aren't providing any form of financial or legal advice. So please consider your own situation and get proper advice about your individual circumstances before making any decisions based on anything in our show. Thanks for listening!
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Pocket Money is hosted by Sally McMullen and Marc Terrano. The show is produced by Franko Ali and Ankita Shetty. Editing and theme music from Brianna Ansaldo of Bamby Media.
finder.com.au (ACL 385509. CAR 432664) is Australia's most popular comparison site. We like to help, and we understand that our podcast provides information, insight and entertainment, but it's not personal advice. Consider your own circumstances (or get advice) before you make any decision based on our general comments and commentary.