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In this eye-opening episode of Limitless, Dr. Thaon Simms & Dr. Matthew Preston break down the TOP investing mistakes that cost beginners serious money! πΈ From analysis paralysis to FOMO, we're sharing the psychology behind why even smart people fail at investing.
What You'll Learn:
β
Why 60% of investors think they're experts but only 25% beat the market
β
The overconfidence trap that leads to bad decisions
β
How herd mentality makes you buy high and sell low
β
Diversification disasters - too many stocks vs too few
β
Confirmation bias and why we hold losing positions too long
β
Why frequent trading actually hurts your returns
We're getting REAL about mistakes we've both made and sharing the lessons that transformed our investing approach. From missing out on 25% gains due to analysis paralysis, to holding losing positions too long based on "hopeium" - these stories will save you money! π
Key Takeaways:
π― Start investing with smaller amounts to learn without major losses
π― Always ask "what if this doesn't work out?" for every investment
π― Buy the stocks nobody's talking about, not the trending ones
π― Find your sweet spot for diversification (hint: it's probably fewer stocks than you think)
π― Cut losses early instead of holding onto "hopeium"
Remember: We're not financial advisors - always consult your broker or financial advisor before making investment decisions! β οΈ
π If this saved you from making costly mistakes, smash that LIKE button and SUBSCRIBE for more investing psychology and market insights!
π¬ What investing mistakes have YOU made? Drop them in the comments - our community learns from each other!
π Stay Connected & Listen to More Episodes:
π§ Listen to full episodes: https://limitlesspodcast.buzzsprout.com
π₯ Follow us on Twitter: https://twitter.com/Limitless_pod
π· Connect on Instagram: https://www.instagram.com/limitless_pod/
π² Get exclusive insights: https://bit.ly/Limitless-MMJA-Discount
π Support the podcast: https://www.buzzsprout.com/1971039/support
β οΈ Disclaimer: The opinions expressed in this podcast are solely those of the hosts and do not constitute financial advice. Please consult a financial advisor before making any investment decisions.
Send us a text
Support the show
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In this eye-opening episode of Limitless, Dr. Thaon Simms & Dr. Matthew Preston break down the TOP investing mistakes that cost beginners serious money! πΈ From analysis paralysis to FOMO, we're sharing the psychology behind why even smart people fail at investing.
What You'll Learn:
β
Why 60% of investors think they're experts but only 25% beat the market
β
The overconfidence trap that leads to bad decisions
β
How herd mentality makes you buy high and sell low
β
Diversification disasters - too many stocks vs too few
β
Confirmation bias and why we hold losing positions too long
β
Why frequent trading actually hurts your returns
We're getting REAL about mistakes we've both made and sharing the lessons that transformed our investing approach. From missing out on 25% gains due to analysis paralysis, to holding losing positions too long based on "hopeium" - these stories will save you money! π
Key Takeaways:
π― Start investing with smaller amounts to learn without major losses
π― Always ask "what if this doesn't work out?" for every investment
π― Buy the stocks nobody's talking about, not the trending ones
π― Find your sweet spot for diversification (hint: it's probably fewer stocks than you think)
π― Cut losses early instead of holding onto "hopeium"
Remember: We're not financial advisors - always consult your broker or financial advisor before making investment decisions! β οΈ
π If this saved you from making costly mistakes, smash that LIKE button and SUBSCRIBE for more investing psychology and market insights!
π¬ What investing mistakes have YOU made? Drop them in the comments - our community learns from each other!
π Stay Connected & Listen to More Episodes:
π§ Listen to full episodes: https://limitlesspodcast.buzzsprout.com
π₯ Follow us on Twitter: https://twitter.com/Limitless_pod
π· Connect on Instagram: https://www.instagram.com/limitless_pod/
π² Get exclusive insights: https://bit.ly/Limitless-MMJA-Discount
π Support the podcast: https://www.buzzsprout.com/1971039/support
β οΈ Disclaimer: The opinions expressed in this podcast are solely those of the hosts and do not constitute financial advice. Please consult a financial advisor before making any investment decisions.
Send us a text
Support the show
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