With the information available on the internet, it’s never been easier for people to find information and educate themselves on investing. However, the biggest challenge investors face is not from the mind but from the stomach.
Famous investor Charlie Munger once said, “A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. You need to keep raw, irrational emotion under control.”
Emotional impulses can cause investors to make bad decisions with stocks, so here are three common mistakes and how to overcome them.