The Physician's Guide To Financial Wellness
Trent DeBruin, Andrew Musbach
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5 Common Investment Mistakes (And How to Avoid Them)
• 28 minIn this episode of the podcast, we discuss five of the most common investment mistakes people make: 1) Waiting for the “right” time to invest, 2) Anticipatory selling, 3) Buying into (or buying more of) the latest “hot” stock or investment trend, 4) Concentrating in one stock or one area of the investment universe, and 5) Chasing income, yield, or a similar theme. For each mistake, we explain what drives it, how it typically materializes, and what you can do to avoid falling victim to it. The universal theme underlying each mistake is human behavior and emotion, which makes for an interesting discussion of how to fight our natural survival tendencies that, unfortunately, don’t serve us well as investors. Resources & People Mentioned Episode #48: Lump Sum of Cash to Invest – All at Once or Gradually? Episode #53: How to Manage Your Retirement Paycheck During a Market Decline Download our guide: The Toolkit for Optimizing Your Finances as an Employed Physician Download our guide: The Financial Checkup Connect With Trent and Andrew https://mdwmllc.com Follow on LinkedIn Follow on Facebook Subscribe to The Physician’s Guide To Financial Wellness on Apple Podcast, Spotify, and Google Podcast
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