Over the last year, stock markets have performed extremely well, but has your portfolio also grown in tandem? One of the major reasons why your portfolio performance has lagged is perhaps because you may have taken a decision to buy or exit your investment at the wrong time. The sub-optimal returns of portfolios are at many times caused by irrational behaviours. Ujwal Arkalgud, Cultural Anthropologist and CEO MotivBase shared insights with Money9 on how the meaning of money for each investor can define the way investments will work.
“One can learn to make better decisions. Yes, it is not easy but it is possible. To become a successful investor, one should understand and constantly ask themselves what is the meaning of money for them. If money means access to things and experiences, there are higher chances that you spend more money than you save”, he said.
Behavioural biases can decrease the performance of your investment portfolios. These biases could range from overconfidence, loss aversion, regret, etc. Unknowingly, investors get affected by these biases while making investment decisions.
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