Bad Habits of Ineffective Investors #investing

In this episode, Rob and Amy draw inspiration from the insightful article Nine Bad Habits of Ineffective Investors: Common Mistakes Investors Make by Dr. Shane Oliver, Head of Investment Strategy and Chief Economist at AMP.

They explore why seemingly logical actions often lead to poor investment outcomes, and discuss why habits like following the crowd, over-relying on past performance, and frequently checking your portfolio can derail your financial goals.

Rob and Amy share practical strategies for avoiding these mistakes and emphasise the importance of a long-term investment plan that aligns with your financial goals and risk tolerance.

Tune in to sharpen your investment strategy and steer clear of costly missteps.

Article referenced in recording:
Nine bad habits of ineffective investors: common mistakes investors make
Dr Shane Oliver Head of Investment Strategy and Chief Economist, AMP https://www.amp.com.au/content/dam/amp-au/documents/insights/mistakes-oi-30-2024.pdf

00:00 Intro & Welcome
01:00 Introduction to Common Investor
02:00 Mistake #1 Crowd support indicates a sure thing
05:15 Mistake #2 Current returns are a guide to the future
08:30 Mistake #3 “Experts” will tell you what will happen
12:00 Mistake #4 Shares can’t go up in a recession…
14:50 Mistake #5 Letting a strongly held view get in the way
18:10 Mistake #6 Looking at your investments too much
21:00 Mistake #7 Making investing too complex
24:20 Mistake #8 Too conservative early in life
27:50 Mistake #9 Trying to time the market
30:00 Final Thoughts & Listener Engagement

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Robert Goudie (ASIC Reg 235974), Ashley Rowan (ASIC Reg 433899), Olivia Glare (ASIC Reg 1262290), Rachael Todman (ASIC Reg 1270413) & Amy Lehmann (ASIC Reg 1292710) are Authorised Representatives of Consortium Private Wealth Pty Ltd ABN 74 616 250 965 AFS Licence 495401.