Think about the last time you dealt with a sticky situation. Perhaps it was a conflict with a parent, or a disagreement with a friend. Could the argument be better resolved, or avoided entirely, had you a deeper understanding of what it was that ‘triggered’ you? Same rules apply when it comes to investing. If you don’t know what kind of investor you are, you’ll never know how to deal with the issue when (or if) turbulent times do arise.
Read on to find out what type of investor you are, and what the secret to successful investing really is.
For some people, investing brings up more negative connotations than it does pleasant ones. Images of plump old men having little to no care for life of ordinary folk are rife, and, to be fair, ostentatious displays of wealth do still exist. The good news is this is far from the norm. Social impact investing has rapidly grown in popularity in the past couple of years, swiftly breaking the stereotypes associated with old-school, so-called ‘greedy’ investing...
But what exactly is social impact investing, and why does it matter?
Finance professors are “less prone to behavioral biases because their decision not to invest in equities is based on either the outcome of their past investments nor their short-term expectations of the market.” So, what do finance professors know about overcoming biases that the rest of us can learn to become better investors?
Help other women break free from the shackles of awkward money talk by joining the conversation. We're looking to interview entrepreneurs, freelancers, full-time mums, financial experts - women from all walks of life, really - for our Breaking the Taboo Series. Together, we can start getting real about personal finance.
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