It’s always good to read some smart investors who did really well in the past. Here are some other lies that investors tell themselves on a consistent basis, including many I’ve told myself over the years:
Who are you ? Are you a Trader or Investor, Most of the post on this blog is written under the background as investors not as a Trader.
If only I would have taken my own advice…
I’m not wrong, the market is. You’ll see.
Investing is easy.
I can predict when the next correction is coming.
I’ll be greedy when others are fearful.
I have an accurate discounted cash flow model that tells me exactly what this company is worth.
I know everything there is to know about the markets.
I’ll invest when there’s more certainty in the economy.
If the politicians would just get their act together the markets would take off.
I can time the tops and bottoms in the markets.
I never make emotional decisions.
I’ll buy hand over fist the next time the market crashes.
I can predict where the markets are going next.
I know exactly what my investment returns are.
If I just try harder, my performance will improve.
I knew I should have sold that stock before the latest earnings release.
If only I would have bought X stock at Y prices a share.
I know where interest rates are going.
I have a process in place to consistently pick the best up-and-coming fund managers.
High frequency traders are killing my trading system.
I have a fool-proof system.
Don’t worry, I can ignore the noise.
I blame the Political and economic conditions for my poor performance.
My returns are always in the top quartile.
I’m never wrong.
I have a good handle on my tolerance for risk.
My risk tolerance doesn’t change based on changes in the market.
My strategy works well in every market environment.
I’m intelligent, so I can just out-think the market.
I’ll start saving more money for retirement in the future.