In Its Latest Issue, Fidelity Independent Adviser Discusses Financial Mistakesand How to Avoid Them
Summary
Maybe you stuck with a stock as it tanked, certain that you’d get back to level one day, but never did.” http://store.fidelityindependentadviser.com/fidinadnew.html Dion believes, however, that investors should “Take heart.You probably owe such errors to the fact that you’re human, and as such, your mind is hardwired with certain psychological tendencies—many of which are financially counterproductive.” Dion cites the work of researchers in behavioral economics and finance, who have proven that investors have “mental blind spots” in decision making.In Fidelity Independent Adviser’s feature article, Dion discusses the five common mistakes investors make, why they make them and how to avoid them, “especially in these difficult economic times.” http://www.fidelityadviser.com/readMe_FIA.asp The five problems that Dion discusses are anchoring, overconfidence, mental accounting, excessive fear of losses and misreading the odds.For more information, or a Free Portfolio Review, visit http://www.dionmm.com/ or call toll free: 1-(800) 432-7447 ### Williamstown, MA, August 07, 2008 --( PR.com )-- In the latest issue of Fidelity Independent Adviser, Publisher Don Dion warns subscribers of common investing mistakes, and offers tips for avoiding them.http://www.fidelityadviser.com/readMe_FIA.aspAs market volatility bullies many investors into making quick, and sometimes irrational decisions, Dion concedes that: “Chances are, you’ve made at least one horrendous decision that cost you a lot of money.You probably owe such errors to the fact that you’re human, and as such, your mind is hardwired with certain psychological tendencies—many of which are financially counterproductive.” Dion cites the work of researchers in behavioral economics and finance, who have proven that investors have “mental blind spots” in decision making.In Fidelity Independent Adviser’s feature article, Dion discusses the five common mistakes investors make, why they make them and how to avoid them, “especially in these difficult economic times.” http://www.fidelityadviser.com/readMe_FIA.aspThe five problems that Dion discusses are anchoring, overconfidence, mental accounting, excessive fear of losses and misreading the odds.