🧠 Mental games of investing: FOMO & letting go of money mistakes
Investing is an EQ game, not an IQ game
One of the biggest misconceptions about investing is that it has to be complicated.
But in reality, decent returns can be found using simple no-frills ETFs to build a core portfolio. You don’t need a PhD, Masters or CFA qualification to build a respectable long-term portfolio that sets you up financially. But you do need to understand what you’re doing and manage your behaviour.
So in this episode of The Australian Finance Podcast, Kate & Owen unpack the mental games of investing, including how to overcome (or at least deal) our irrational brains, dealing with FOMO, letting go of investing mistakes and putting in the work to understand our behaviours as investors.
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DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.
Full individual disclosures for each guest are available via the show notes page. Owen, Kate and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.
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Date recorded: 11th of August 2022
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