Human beings are prone to biases.
Tim Richards, behavioural expert and blogger, says they can wreck investments.
One may be particularly important to understand this year.
Given 2020’s market performance and the news surrounding it.
Availability bias is a sort of mental shortcut.
It gives more prominence to the first thing that comes to mind.
Like a recent event for example.
Anything that can cause us to more readily recall something is more likely to bias us in terms of our decision-making.
With the performance of 2020 still fresh in our minds…
High-net-worth investors should be cautious of recent events affecting our ability to make good decisions this year.
Watch our video to learn more.
With knowledge, comes freedom.
Understand what may be standing in your way of good decision-making.
And make this year your most successful one yet.
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