Psychological Traps That can Ruin your Investments

Following are the 5 psychological traps that can ruin your investments:

1. Becoming Blind Fan: Many people fall in love with some companies and stick to them as investors.
To avoid this trap, an investor should be flexible and cautious that he is not getting attached to companies. Investors should keep on watching its performance and know when to withdraw or reduce investment.

2. Falling in Love with Junk Stocks: People fall in love with their investment decisions and cling to shares whose market value has declined and immediate chances of recovery are remote. They do not take decisions either to withdraw or […] Read more